sumastardon
Short

BTGUSD: Vulnerable to next correction now

BITFINEX:BTGUSD   Bitcoin Gold / U.S. Dollar
BTGUSD            
Last comment was 6 days ago, back in the mists of time now.
In the ensuing 6 days BTG             has knocked out some patterns other 'stocks' take 6 months to achieve. Cryptoland is another
planet, a whole 'nother world.
We were buying this at 212 6 days ago and locking in last profits at 250ish before the decline gathered momentum, only
because the chart told us to. If you follow the chart and not your weak/strong heart you will stay out of trouble a lot more
often than by following your sometimes emotionially unstable heart. It becomes unstable under pressure and gets too damn
strong when price surges. It's unstable, no? Ask yourself, does your heart do this to you? Well congratulations: you're HUMAN
! So if you know this anyway already all this will do is confirm what you knew already - but sometimes find it hard to
do...follow the chart and never your heart. On repeat, like a mantra...patterns not passion. Patterns not passion. So easy
to say and so difficult to do sometimes when price comes back at you from underside once broken.
But your heart must be mastered. You are in charge of it, not vice versa, after all.
So BTG             has just had it's little counter-rally on back of Bitcoin             doing the same and now it's likely time to fall away again, to 216
-210 minimum - and if this gives way, to 193, with stops justa few points above the upper parallel for smallish loss if wrong.
BTG             only turns back to positive once the parallels containing this impulse wave are broken through to the upside.
Only then can we return to bullish , looking to get long on the retest of the upper parallel once broken to the upside. Only then does BTG             flip/reverse, and we must too if the chart gives that signal.
This was a short at around the 240 level earlier but it has not gone according to plan and the pattern has changed dramatically from just 3 hours or so ago. BTG has managed wriggle free of the parallels that were containing the down-wave and has since done that thing - coming back to test the dynamic it has just broken through from above - and finding support at roughly the same levels that the short was triggered at 240. It's now at 239 and the chart is telling us to close out and reverse now. Look to get long from 239 down to 235 on dips with stops under 232. Follow the chart and not the heart.
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verkaufsburo sumastardon
@sumastardon, Big announcements are coming, the price will increase dramatically, this is not only about charts
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Furthermpore, a lot of announcements are coming to this crypto and it will bypass 400 USD level in next month
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It will rebound to 300 USD level once total market cap reach it's peak at 600 billions
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It is wrong review., it's already reached support at 230 - 240 USD on all markets. While market manipulators are trying to push it at even lowest price by selling walls the trend is shows that it will reach 300 USD shortly.
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sumastardon verkaufsburo
@verkaufsburo, Well the chart says you're right - it's popped above the upper parallel and turned from bearish to bullish as a consequence. Well spotted. And sorry for getting this wrong. Humble pie - and get long on dips now
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verkaufsburo sumastardon
@sumastardon, Furthermore, it's undervalued currency, please look at BTC / BTG chart
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