BTGUSD has engaged in a descending scallop and they typically move like this Price reaches a critical point in its descent and breaks out, this time it just happens to be at the .236 level
Hi dear friends, hope you are well and welcome to the new trade setup of Bitcoin Gold (BTG) with BTC pair. Recently, we had a nice trade of BTG: Now on a 4-hr time frame, BTG has formed bullish Gartley pattern. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
I have developed on my last post for BTGUSD Using these curved trendlines we can justify a support from a prior resistance (middle curved line) After this point is reached expect a massive breakout of this big structure (both a falling wedge and symmetrical triangle at the same time) The white line is an assumption of where this indicator will go once the breakout...
This is the daily chart for BTG As can be seen a symmetrical triangle has formed Price has moved up out of the triangle while maintaining the lower ascending trendline This is a good sign for a potential breakout Very cheap BTG !!
this advice just for holder because SL is so big we have good support in 74$ and break of down trend so can make price move more up to 120$
As we said before in a previous signal BTG to 3 digits soon ... just after 2 days it jumped the triple from $30 to reach $110 !! ( link below this post in the related ideas area) congrats for the ones that bought on the signal 💰🤑 to whom are interested to get it in the coin, we can see that $1000 is still our first long term target within 2021, you still...
as we can see bitcoin gold is respecting the channel well as per the chart. fundamentally bitcoin gold is a trusted investment for long term as it is completely undervalued technically, we can see that the price was accumulating since 2018 and made a ATH for $814 so in this bull run we can see a new ATH easily within 2021 or 2022 ... patience is the key buy...
Hi guys..its the latest analyze chart of #BTGBTC in daily time frame.if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart! if u like it press like-comment and folow me.thx
Broadening wedge and descending scallop looking for a bullish reversal
In less than 12h frame indicators points strong reversal signals short term long position would not be bad at current level
Bitcoin gold idea I believe the rounded top formed on the BTC pair is a fake and will break-out
BTGUSD has formed a falling wedge This may be the third wave with the wedge however there may be a fourth However it could breakout ya never know
BTG/BTC -Must break trendline resistance at 1160 sats -Must hold above 50D MA -New support is being established at 1060 sats -Upside target is up to 1700 sats -Stoploss below 1059 sats
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!
Entering here. Lots of potential on this trade. It may bounce between the triangle, but if it breaks out the price could fly!
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...