A chart I assembled of BTG history on BTG longs, compared with BTG/USD. I remembered as much as I could and penciled in where I think its heading.
I made this awhile ago, i should have posted it then, this is playing out nicely.
I'll be back for the play button in 2 years
This is not trading advice, this is just an idea on the future of Bitcoin and where I would potentially place my bets for a 100k bull run that would possibly unfold in mid to late 2020. I would buy in the date and price range specified in my chart if I was filling the bags for a 100k plus bull run. God Bless!
I have read every single BTGUSD idea on tradingview sense the fork, you want to know what I have learned? Don't draw up arrows on BTGUSD, no fib, no upward channels, no descending wedge reversal patterns LOL . Draw side ways arrows and down arrows, thats all. All the sudden your calls will start coming into line if you do that. There are no confirmed up...
We see Bitcoin is still trapped in this falling wedge despite all of the positive sentiment here. The Bear market should subside in late 2018 moving us into a consolidation phase and that leads us to the next bull run in late 2019 or early 2020. I don't pretend to know the future, I can only make educated guesses based on the information available to me.
Were looking at the 1 day on BTG and It looks bad, it feels bad, it is bad. There's nothing that excites me about this chart as BTG life long downward trend points to the coin being worth 0 some time in the future, obvious I know that's not realistic but it is possible things get worse before they get better If it continues to follow its current long term...
My first chart was all about discovering repeating patterns in Bitcoin's price movements and I found tons of repeating patterns in my analysis. I started studying from right before the low of $2985 (I went long at $3327 BTW) up until our current situation. Im sure what I call certain moves is wrong, im not into technicalities but I would appreciate being...