BTG had a bullish pennant breakout early this morning, but retraced back into it. I think this might be a second chance to buy in before the price takes off. The price is bouncing of the green support level. If you want to play it safe, buy the breakout.
BTG/BTC is at a very good entry point for a LONG position.
- Key support level
- Bullish divergence (RSI)
- Has been oversold for some time now so it is very possible that a bounce might occur.
Let me know your feedback!
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...
Hello, wonderful person!
Bitcoin Gold (BTG) gaining momentum
Monthly: Bullish. Red 4 setup gaining momentum
Daily: long way to the top if you want to rock'n'roll
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.