BTGBTC looks pretty juicy for a quick trade for me. I just saw that we had a triple valley pattern, its breakout and this breakout is now on a retrace of 61.8% and basically getting ready to make a push.
The triple valley continuation pattern is a bullish pattern, creating three touches on the uptrend line and touching a horizontal resistance...
This seems to start a new wave.
On 1d, Stoch RSI looks to start an up movement.
Will buy down to 0.88 retracement from old elliot wave and will put a stop at the bottom of the old wave.
Sell zones are at key fib points that also had some sideways movement (served as support or resistance in the past).
Actual rates sent...
BITCOINGOLD/BITCOIN is in a range bound and beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 54.
The price is in a range bound, but we forecast the uptrend would begin.
There is possibility of temporary retracement to suggested support zone (0.0076 to...
Bitcoin Gold has been following the market trend for the last days and is on retracement from its breakout. So it came to my notice that Bitcoin Gold might be forming a falling wedge reversal pattern which if it follows we should be seeing it bouncing back from the area of support 1 and breakout of the descending triangle after which we should see a breakout to...
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Three rules of Elliot Wave:
Rule Number #1: Wave 3 can NEVER be the shortest impulse wave
Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1
Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1
The five wave graph of Bitcoin Gold, obeys the rules of Elliot Wave theory by bouncing back form the upward trend line.