Hello TradingView! Today we're looking at Bitcoin Gold - one of the coins I intend to hold longterm, for the reason of preventable ASIC mining & high trade volume, Bitcoing Gold could currently be seen as one of the better options for entry level crypto miners.
More importantly however, we're currently taking a look at a short-term investment opportunity on...
Bitcoingold has been on a downward slope over the past weeks despite it's relative, Bitcoin, moving parabolically. I do expect the coin to have its time and I think we are approaching closer to it going through the roof. There is a very high chance the price will go much higher than it currently is now.
Orange - Resistance.
Pink - Support.
As always...
BITCOIN GOLD POJECTING AN %18 MOVEMENT UP. BITTREX:BTGUSDT
PAY ATTENTION TO RESISTANCE ZONE WHICH EQUALS TARGET PRICE FOR BREAK OUT . SELL AT 2ND RESISTANCE FOR ABOUT AN 18 PERCENT GAIN. TAKE PROFITS EARLIER IF YOU LIKE TO BE SAFE. SET A STOP LOSS TARGET ALSO. IF YOU DECIDE TO BUY UNDER STOP LOSS MAKE A PURCHASE OF $30 LESS.
Bullish Indicators:
-Strong support at 61.8% retracement level, bouncing off twice with it being higher RSI on the second test with 29 RSI first touch and 36 RSI second touch
-Solid entry point on stochastics; it is about to break the 20 level
-Trading at the bottom of RSI and stochastic support
-Bullish MACD divergence on 1h candles
Price Target 525 Stop Loss...
Bitcoin Cash has had a bit of a bullish run the last few days. That being said, we all know about possible Dragonslaying and Cashening scenarios. But, when are they? Where could they be? Many things are hard to decipher and hard to see.
Bitcoin Legacy just had its difficulty adjustment. 18% up to a new all time high. There's a lot to talk about, more than I can...
We retraced to 0.382 of the previous bull move, have been making higher highs and higher lows, broke through two bearish trendlines , and just bounced off of a bullish trendline and the 0.5 retracement showing solid support. First target is 340 where I expect some resistance, followed by 450 where I think we will see a pullback to retest the previous high at 420...
Although fundamental news or potential factors around Bitcoin Gold are not quite available, the Technicals do show a clear destination for the price to reach when it is put all together. The new goal for the Bitcoin Gold (BTG) will be $500 USD. Let's see !
Classic cup and handle pattern has formed. Volume breakouts at critical places confirm the pattern
Based on the size, it should send this up to 591.91 (fib 1.272)
After performing a corrective bullish run from $150ish to $420, I'm looking for $BTG to consolidate and regroup. The data is razor thin since we've only been trading for a month, but here are some levels to watch. If we break the downtrend channel to the upside we will evaluate how to get long.
