BoTo

More gold is necessary?

BITFINEX:BTGBTC   Bitcoin Gold / Bitcoin
Market capitalization: 341M
Capitalization rank: 24
https://coinmarketcap.com/currencies/bit...

______________________________________________________

The technical analysis shows that everything is very good. But the fundamental analysis will frighten.

Technical analysis



There is everything for a uptrend. Divergence on RSI and MACD indicators is well visible. It is well visible a curve for a uptrend. But...

Fundamental analysis

Now the coin has 2 big problems.

1) The delisting from the BitTrex.com exchange today.
Source: https://cointelegraph.com/news/bittrex-t...

2) It is possible to eat double-spending problem. And it is the worst of possible problems for cryptocurrency. If the problem isn't solved, then the fair price for such coin is zero.

Summary

The technical analysis will give signals on opening of a long position. But we will ignore these signals. Because the coin has big problems. We use the fundamental analysis too. We check coins before opening of a position. Perhaps we are mistaken now, and there will be a big uptrend. But we want the minimum risk for our positions.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out