This quick idea is intended to illustrate what is happening to Bitcoin and how final it is.
Let's take a look at the development of the Bitcoin / Gold ratio over the last five years.
The thick black line was always the last support.
On March 12, 2020, it was broken down massively and very aggressively and became the new long-term resistance.
Thereafter, on 20th...
Very simple setup forming on BTGBTC, currently respecting short term uptrend as it approaching a level of resistance.
As price continues to rise here, we can see Volume decreasing along the way. I will be waiting for a break up or down out of the squeeze point near resistance.
For the short option, I will be watching for changes in market structure as we...
Bitcoin Gold (BTGBTC) just broke a very strong descending trendline and prices are now trading above EMA200.
A strong close today (daily candle) can lead to massive growth.
Prices for BTGBTC have been trading above MA200 since the 1st of March.
This signal tells us that the bear market is over for this pair and that the bulls are the ones in control.
Various chart patterns have formed on the BTG/USD chart, including a symmetrical triangle that holds a falling wedge within it, VERY bullish. An Eve and Adam pattern (opposite of adam and eve) Eve bottoms appear rounded while Adams appear straight and sharp (I like to think of Adam and Eves private parts in the Bible to remember) This again is very bullish. A...
Bitcoin Gold (BTGBTC) is preparing for a second-round printing massive bullish action.
We can see clearly and strong bullish action on low bull volume... Telling us that there is much more to come (when the big volume bars are printed/massive growth).
I believe Bitcoin Gold will continue to grow.
Prices are trading above EMA10, EMA50, and MA200 and the MACD is...
Falling wedge, included possible pathing within the wedge however this is hard to decipher so i just used a double curved line! TP is $50! IF you check out my last post I explain how ERC-20 tokens have much greater scalbility and will provide much greater returns. But if you are a bitcoin fan, this is for fun!