Bitcoin Gold is hardly ever mentioned. Maybe because its the chad-est of the Chad coins. Anyway, you can see the downtrend line and the uptrend line on the chart. When it gets closer to those areas I will consider taking a trade. Probability suggests that it will encounter resistance first so I favour a short now. We'll see when it gets there. Cheers!
Various chart patterns have formed on the BTG/USD chart, including a symmetrical triangle that holds a falling wedge within it, VERY bullish. An Eve and Adam pattern (opposite of adam and eve) Eve bottoms appear rounded while Adams appear straight and sharp (I like to think of Adam and Eves private parts in the Bible to remember) This again is very bullish. A...
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!
Personally I don't like this coin that much, but seeing this made me change my mind for now. BTG can reach 27,5 in a matter of days or weeks. The thing is that BTG depends very much on bitcoin, so wait for bitcoin to jump over 10.500 first.
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...
Bitbay had insane buy volume recently but I know its probably fake, US Investor so my only option is HitBTC. Wedge has formed nd compressed price to the end. Stochastic RSI is 25 & 27 so certainly could lose momentum. However we had a wick to .24 at the beginning of the month. Will the bulls take us there?
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...
BTG has printed a nice bullflag that looks best on the 8hr timeframe. It's broken out of the pattern and now we wait for a test of the top channel for support before taking a long entry. Target is the height of the previous run and comes in under the -0.272 fib level. If the move had potential to exceed that level we'd still look to take profits before it.
Keep it simple
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.
Pattern: 1M Channel Down.
Signal: Bullish as the price broke above the 1D MA200 (orange line) and marginally crossed the pattern's Lower High trend line. Ideally expecting contact with the MA50 first.
Target: 30.000 (near the 1W Resistance).