$338 has mild support could be a good entry point. It's only bounced off the 0.618 level a couple times meaning mild testing. Watch btg closely, could reach ATHs ny the end of the week
Ready for another bull run?
If the trend continues then we can reach it. No drastic falls, the price is stable, and ready to go up. Indicators started to fall to the over sold area, and we have a simmilar pattern like on the 300$. You can see side move, but the trend can change fast. If you have btgs or if you are planning to buy some then be prepare to overbreak, and be careful.
I ended up with a few BTG coins after the split and I'm pretty happy now that I didn't sell them straight away. Here's a 2 hour chart long outlook. I would expect some kind of correction here and then a bullish move higher to the $600 range. After that we'll see I guess. You could always sell here and wait for the correction to get a better position but I'm...
We are currently at a crucial point in BTG. The correction from the $477 high may have completed at $150 or we are seeing a sharp ZIG ZAG correction unfolding that should terminate at the $420 zone and head back down. Pushing to a new high would of course void this outlook and we can consider higher prices to come as we head into Primary 3
BITFINEX:BTGUSD If the up trend line holds we can see a break out on the up side, watch for the classic fib resistance before putting your order. On my watching list.
Green.: Start to draw a Head and Soulders pattern (top of the head.: 300-320$) Red.: It's go down, back to the 160-170$
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 has reached heavy support and has one option - UP. Main factors: Strong resistance on the top of the tunnel (previous one) Bitcoin 4 day bullish run is at the end Segwitx2 waiting is over today or tomorrow Initial Sell OFF is done Big focus - the public is still interested in the coin as it comes from hard fork split with Bitcoin Purchase area - 150-170...