SmallDolphin
Long

BTG - Did we hit the bottom?

BITFINEX:BTGBTC   Bitcoin Gold / Bitcoin
Hello, I would like to share with you my thoughts with BTG
We can see on the daily RSI has bottomed out and a divergence it seems is showing up.
Since from the BTC hard fork, the price seems to have been on a downtrend, and most of the coins have been recovering due the BTC's spike. We might see this one pop up and catch up with the rebound. The price range daily has been compressing ever since, showing lesser volatility which could indicate a spike in the future. This could have a good R/R ratio. Trade at your own risk.
Comment: Seems we're forming a bear flag on the lower time frame. But the daily still looks good. RSI is already really oversold on the 1D timeframe. But this is crypto. Will look for another good re-entry if the flag continues.
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