Follow up to a previous post...
Outlined these trendlines earlier and suggested the price was moving to the upper trendline. This trendline is now bit of a resistance level. I'm not selling right now, a break through this trendline will be exciting. No price target atm, not appropriate to draw fib retracements right now.
BTG perform nice bullish run from our previous analysis,
rightnow it perfrom new ascending triangle pattern with pole (flag type).
if this pattern break up, we can set 44% profit target at 4746 with maximum target at 5583.
However, if this coin drop, buyback at 1637
Good luck
Currently price is trading at the edge of a major classic fibo support. If we can stay above this level ($157) it could trigger a bullish rally taking out resistance levels along the way. AB=CD harmonic pattern suggests trading is to be expected above $577 within the next 19 days. Thus, MIN TP can be set at the $677 fibo extension, and its possible to look higher...
Let's start of with the fact that I think Bitcoin Gold is a shitcoin with no future.
However, I am here to make money and that's what I am looking to do with the hype of the weekend, which I believe will be Bitcoin Gold (BTG).
Fundamental
Bitcoin is correcting and people have cashed out large profits. Many of those will be looking to speculate to make more....
Same thing is BCH I presume. Sell early before the crowds flood the market, then pick them up again for cheap after a period of accumulation. Rinse, repeat.
bitcoinGold (@bitcoingold) | Twitter
bitcoingold.org/category/development/
launch anouncement
twitter.com/bitcoingold/status/929821862263222272
info from website bitcoingold.org/#features
bitcoinGold decentralizes mining by adopting a PoW algorithm, Equihash, which cannot be run faster on the specialty equipment used for Bitcoin mining (ASICS miners.) This...
Here were looking at the macro 2017 bitcoin trend on a 3D chart...What a year!!
Definitely getting close to the euphoria phase, and with Bitcoin Gold fork upon us there is a possibility for a dump as most retail investors will be out of touch with the hard fork news (aka new money with weak hands). For 2016 we've seen ~2 month rallies before retracements on this...
