Bitcoin Gold (BTGBTC) is now massively oversold. The RSI is sitting at 27.91 (lowest ever) on the weekly time frame. Remember we consider below 30 to be oversold on the weekly. Below 20-25 is oversold on the daily time frame.
Here is the weekly chart:
Over 11,400% potential profits to All-Time High (very unlikely to be...
BTG has been forming a long term Inverted HS over the coarse of the past year, currently found a nice support ~18 dollar mark, but definitely has room to move down into the lower 17 dollar range.
BTG isn't necessarily a smart Long ATM.
I suggest continued TA, as BTG moves sideways between ~17-19 ranges as a considerable drop from Bitcoin (down to ~8.7k) could...
DISCLAIMER :- This is not a financial advice.
Buy BTGETH right now,
Place stop loss at 0.102981
and take profit at 0.122411
or at whichever price you like. :)
Remember, always risk 1% of your capital.
If you have any questions/doubts, feel free to comment below.
Happy Trading. :)
$BTG Getting some rejection at resistance zone around .0033 sats...
UCTS Buy signal on the 1D
Multiple interactions w/ this level in the past, while ascending trendline hodls I remain optimistic but watch for BTC activity...
Flipping R/S could act as buy signal too!