Wow my first analysis so excited.
BTG holding it self in First support in its a good area for accumulation.
Please manage your risk before getting into trades.
After expected breakout is done you have 4 TP areas feel free to take your profit in every areas.
StopLoss is If it breaks its support line.
Profit/Loss : %374/%30
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...
Wow my first analysis so excited.
BTG holding it self in First support in its a good area for accumulation.
Please manage your risk before getting into trades.
After expected breakout is done you have 4 TP areas feel free to take your profit in every areas.
StopLoss is If it breaks its support line.
Profit/Loss : %380/%30
I just saw this trade online and its vary possible for a short term trader !
(Also if I am right with the fact that after the holyday's BTC will send is cash flow into the forks)
It could be !!
to see !!
BTG is at is best price right now, Long term holding only will see the light !
I expect the BTC sell to happen after holydays...
Bitcoin cash is also a good buy right now go chek it up !
also Those coins could be a good possibility for those who missed the train with BTC !
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...
BTGUSD Update Buy on next Pull-Back
Not a good last call here. BTG did bounce from that old
parallel but it only reached 313, well short of target at 320
before failing - badly. Stops were tight here so small loss,
thankfully. Imagine if no stop...how bad would you be feeling
now? With a stop we have at least avoided the pain that goes
with a position...
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)
We have seen the ways that BTG reacted with trend lines and pattern.
I suggest you several choice as my chart. Hope that it'll helpful for you.
Happy and safe trading .
