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.
Falling wedge, included possible pathing within the wedge however this is hard to decipher so i just used a double curved line! TP is $50! IF you check out my last post I explain how ERC-20 tokens have much greater scalbility and will provide much greater returns. But if you are a bitcoin fan, this is for fun!
BTGUSD has just recently had a bullish cross of the 50EMA and 100MA Moving Averages which historically is an excellent long-term bullish or bearish trend signal.
BTGUSD has already formed a bottom and had a strong movement upwards on Jan 15th. After this retrace and minor correction there is a possibility that BTGUSD is on its way to test the strong resistance at...
Bitcoin Gold has formed a descending scallop against the bitcoin pair. Descending scallops have been surprisingly successful in the cryptocurrency market, possible due to the large abundance of the pattern. This is a bullish reversal pattern. Blue box indicates buy zone on EMA line.
Just wanted to share an observation. Possible BTGUSD Inverse Heads and Shoulders bullish pattern forming on the daily chart.
This alone does not carry much weight however, if you look at the ETHUSD chart (refer to link below), the 50EMA is close to crossing the 100MA. Historically the crossing if these lines on the daily chart signals a possible long-term...
Currently sitting near the bottom of the regression trend, a bullish break for this cryptocurrency would be massive, and a 50 PT is appropriate. Included fib extensions for reference, and also a EMA level for a possible breakdown. 0.82 regression uptrend.
for a long time BTG is searching for a bottom from which it can start a good long. At the price of $ 17, two trend lines: global support and the current down channel are converging.
1) 30 - 35$
2) 40 - 45$
3) 70 - 80$