GoldCoin/USD (Goldcoin Token) Bye BUY GoldCoin ShortsGoldCoin/USD (Goldcoin Token) 05/12/18, 7:25 PM EST, by Michael Mansfield.
Hi trader friends, I iope your weekend is a fun or fulfilling one!
With practically all of the volume occuring on the up bars since the late March low, another good sized up move is in the cards onces this corrective wave is complete. Moreover, a with the large bullish volume on the up waves, a big down move is statistically less likely right now. But, we deal in probabilities not certainties, so it's still a possibility if the up move off the February low was was only a large corrective wave. But that certainly looks less likely now. Either way, uncertainty is why we always recommend the use of stop loss orders, not "HODLING" forever, in these digital markets.
CLARITY:
Without candlestick wicks, the price moves and waves look very clear to me: The January to late March decline was corrective. Conversely, the up move since the late March low looks very much like a bullish impulsive wave (uptrend, not up retracement).
CORRECTIVE WAVE:
This current correction is either a triangle, soon to be over, or a zigzag with one more wave lower to the Wave IV label.
BUY CONFIRMATION:
If 0.30 is exceeded on the upside, then the next upwave, Wave V, or Wave 3 of larger degree Wave (3) to the upside, will likely be underway.
CONCLUSION:
Once this short-term corrective Wave IV is complete, hopefully after one more push lower, then a Wave 5 up, or possibly 3 of (3) to the upside is likely.
NEGATED:
Should GoldCoin/USD break below 0.19, then this bullish outlook would be cancelled and GoldCoin/USD would likely fall back to below the March 2018 low.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Michael Mansfield CIO
Bitcoingold
Bitcoin Gold Long. 05-05-18Bitcoin Gold is still in buy range for a long play. I bought this last week, could of got a better entry if I had of waited but I thought it was going to go when I bought. I think under 0.0080 is a good entry for this. It should see at least 0.013 for good gains. If you have a bitfinex account you can play this on margin. IE. Buy some and play long with 50% to compound the gains.
I remember having some of this last year when I didn't really know what I was doing. I remember it hitting around $450 and not being wise enough to sell it. Not going to make that mistake again. Barring anything crazy happening with bitcoin, I think BTG should start to out preform it. Playing this against BTC to make more BTC.
Enter under 0.0080
Stoploss 0.0073
Target 0.013 +
Everything looks good with this, all we need is a little patience and let the price move up.
Zoomed out view
BTG vs USD
Bitcoin Gold BTG is forming a BEAR FLAGAt the moment BTG is forming a bear flag that can send the price to the $69-$66 range, as always or up the moment all Alts depend of Bitcoin movement, the funny thing is that Bitcoin is also forming a small bear flag.
Keep an eye
Please remember to press like if you agree with this idea
BitcoinGold Swing IdeaWait for Bitcoin Gold to Test the down Channel and Break of the Downtrend Line before an entry on Breakout.
BTG bullish trend continuation ?I like how the bulls are defending that lower cloud and not letting the price go down
We also have a bullish divergence and increase in momentum in RSI even when the price stays even which is really bullish and usually one of the first signs of Bull trend
I will wait for this candle to close to see if we still stay within the cloud
BTG-BTC - Retest and explosion?Hello traders! Today i want to show you BTG , in 2h timeframe it broke a triangle , price above EMA 100 and 200 so now i'm waiting for a retest of the previous highs zone and then will start a bullish movement in my opinion. A stop loss below the lows with a TP1 into the previous highs zone around 0.01. Don't take that as a financial advice . Have a nice day !
There is possibility for the beginning of uptrend in BTGBTCTechnical analysis:
BITCOINGOLD/BITCOIN is in a range bound and beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 54.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is possibility of temporary retracement to suggested support zone (0.0076 to 0.0055), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0076)
Ending of entry zone (0.0055)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0124
TP2= @ 0.0150
TP3= @ 0.0180
TP4= @ 0.0230
TP5= @ 0.0260
TP6= @ 0.048
TP7= Free
There is possibility for the beginning of uptrend in BTGBTCTechnical analysis:
BITCOINGOLD/BITCOIN is in a range bound and beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 54.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is possibility of temporary retracement to suggested support zone (0.0076 to 0.0055), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0076)
Ending of entry zone (0.0055)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0124
TP2= @ 0.0150
TP3= @ 0.0180
TP4= @ 0.0230
TP5= @ 0.0260
TP6= @ 0.048
TP7= Free
BTG-BTCBitcoin Gold is bottomed.
BTG have good potential to Rise above the moon.
Risk=Reward
Thank You
Bitcoin Gold UpdateBTG is currently accumulating, but it's also following down a major trend line that used to be support. Breaking this line would indicate bullish behavior and possibly send it to complete its fifth Elliot wave.
Bitcoin Gold looking to enter upper-channelWhat was once support for BTG is now acting as resistance. It's looking to either break it, or it could fall back into the lower channel.
BITCOIN GOLD WITH 275% PROFIT POTENTIAL - MThis 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 FALLING WEDGE ?Bitcoin Gold has been following the market trend for the last days and is on retracement from its breakout. So it came to my notice that Bitcoin Gold might be forming a falling wedge reversal pattern which if it follows we should be seeing it bouncing back from the area of support 1 and breakout of the descending triangle after which we should see a breakout to resistance 2 after which we might see a retracement back to resistance 1. If it follows this trend, then this breakout may be the wave 1 of the next 5 Elliot Waves.
Bitcoin Gold fifth waveIf BTG isn't taken down any less from this market retracement, I believe it'll complete its fifth Elliot wave.
The "Pro" title in my name means nothing. DYOR
Bitcoin gold long setupCrypto market coming back for either a small pump or continuation of bull market. BTG has a very interesting setup;
- After long consolidation, selling could not sustain creating a falling wedge. Price moved out of the wedge to the upside, but is still consolidating, creating a good risk to reward oppertunity. Some large buying volume started coming in, so we could see it reach 50% to 100% of the wedge beginning of the wedge. Risk reward ratio is 1:6.
- Stop loss: lower low.
- Target = 50% & 100% of wedge (see chart)
$BTG 04.28..2018You can also draw a harmonic pattern in this chart imo but there is already enough visualisation in the chart. Adam N Eve double bottom. Bollinger Bands squeezed.
Bitcoin GoldHello folks , want to share my trade idea for BITFINEX:BTGUSD
My trade active when the price hits buy zone, and my stop loss at $53. TP until wave (v)
It all depends on BITFINEX:BTCUSD
if BTC behave then BTG will play elliot wave theory.
Feel free if you has another opinion in comment section :)
GL :)
Inverse Head and Shoulders BTGBitcoin Gold is showing a bullish inverse head and shoulders on the 1 hour. This could be the catalyst for its fifth wave. However, because it's a lower time-frame, it's not as strong. However, still a possibility.