Bitcoin Gold (BTCBTC) is on the move and the charts for it look great.
Altcoins had a strong drop on the 14th August, which looked like a bottom was hit. But later a second drop came around 12th September which dipped most altcoins to a lower low. Bitcoin Gold has been having slow, steady growth since the 14th August, no second drop, which is a good signal for strength. Now it is breaking out and showing great potential both short and long term.
Here are the charts for Bitcoin Gold (BTGBTC).
Daily chart:
The RSI is the highest ever at 78 and going higher.
Strong volume the past few days.
Slow steady growth. Might be getting ready for a very strong breakout.
Bullish divergence on the MACD.
Bullish STOCH.
The weekly chart makes it way easier to read, a bigger picture:
We have 5 weeks of bullish action with bullish sentiment only building up.
The chart is meant to show how the negative count is ending/ended and a new positive count starts. Wave up, wave down, wave up, wave down. In this case, wave down and now wave UP!
Trade instructions for Bitcoin Gold (BTGBTC) by Alan Masters
Buy in: 0.00337 - 0.00374
Targets by Alan Masters Trades for BTGBTC
(1) 0.00496 (2) 0.00578 (3) 0.00659
Stop loss: Close weekly candle below 0.00276.
IT DOESN'T MATTER WHAT HAPPENS... YOU DESERVE THE BEST
I would like to remind you once again.
That it doesn't matter what happens in life.
Somethings go wrong, somethings go great.
It doesn't really matter what happens.
If it was your fault or somebody else...
Regardless of what happened in the past or if it will ever happen again.
Doesn't matter happens...
You will always DESERVE THE BEST!
Namaste.
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We will be entering our range soon.
You can set your buy in orders within range.
Trade active
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We are now in the profits/positive zone. Moving into our first target.
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Moving nicely (slow steady growth):
- We are now above EMA10, 50 and 100. - Bullish crossover of EMA10 and EMA100 lines. - Clear uptrend. - Can soon make a strong move.
Trade active
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We are moving closer into our first target.
Patience is key.
Over 30% profits from our buy in. You can sell a portion and secure profits.
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Bitcoin Gold just created a new high and volume is really good. We can expect the bullish action / uptrend to continue for weeks to come.
Here is the chart:
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We hit two targets for ~50% profits.
Targets by Alan Masters Trades for BTGBTC
(1) 0.00496 - Target hit 6-Nov. (+40%) (2) 0.00578 - Target hit 7-Nov. @ 0.00547 (+54%)
It's amazing how you look back at dailies and see coins start to bounce off their current bottom.
OptionsUN1TED
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I need a pot of capital dedicated to slow growth investments like this.
Fragnstein
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Hi Alan.
Kindly do an update on this coin BTG and if you will, do a post on the medium to long term views on DOGE please.
rudcharts
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Have you guys seen the BTG/USD Long chart for this??!!! Someone please provide some insight. Its pretty ridiculous
relaw
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Read your status and go a head. :)
majorlee
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nice charting brother and thanks for reaching out in the chat :)
how are you set for CBE futures date tomorrow on impact?
personally expecting some good volume and a price decrease before a solid move up to around $7300; after the contracts expire most likely be the bottom