1. As we can see, BTG has drawn 3 bullish drive patterns.
2. The first resistance target is around $ 17
3. Be careful if the price drops below $ 12, it'll potentially change to a downtrend on the daily chart.
Good Luck :)
Bitcoin Gold Correction Cames on the Fib Level 0.618 Level then we will do Long Position as well as Given Below-
Sell- 0.004700 , 0.005500
Stop Loss- 0.003700
Let See , What Will be Next Move.
Share Your Opinion in Comments.
if You Satisfied With My idea Then Dont Forgot To Hit Like.
Warning- I m Not a Financial Advisor this idea Only For...
After crossing the correct area and completing the wave Y
The completion of the pattern (WXYZ) is expected to be 0.23 in the Fibonacci range in Bullish trend
tp: 135-140 $
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This is medium risk trade with a good profit potential.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Bitcoin Gold, BTG has a very bullish setup on the daily scale. Please note that this chart is on daily scale and take a bit of time to develop, but R/R ratio seems very good at the moment. BTG is close to the apex, and breakout can come anytime. Good buy volume, postive divergence on RSI, with TP1 = 0.00779, TP2= 0.0108 and SL = 0.0052, good luck
I am happy to continue recommending that you ADD TO YOUR BTG 3.15% POSITION, and if you haven't bought it, BUY IT.
Here are a few reasons why:
a) BTG 3.15% price is at the bottom, literally. The same bottom when the coin was just started. Don't blame BTG 3.15% for this as EVERYTHING IS DOWN. This is a good time to buy it because there is no one selling...
Volume session is showing a 1hr heading for the uptrend very strongly. Pay close attention to see if it crosses the moving averages and breaks upwards. If it does expect some big gains.
-RSI under the EMA
-Session Volume Upward Momentum
Resistance at the 140 level, breaks that we should be good to go.