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...
- Trend : Bullish short term
- Resistance 10.5$; 12$; 14$ & Support 8,6$; 5$.
- signal : Recently there was a rising tail bar and a rising battery bar formed last week. as I show on the graph and I mark them on the support key
- Current Notes : We see the tail bar and pin locked by support of $ 8.6
- Commercial idea : We will continue to consider looking to buy...
BTG has printed a beautiful Inverse Head and Shoulders on the hourly chart however it is up against major resistance and hasn't been able to move past it. Pick a side. I think it's going to fail. Looks like its already breaking down
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!
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.