Technical 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...
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...
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Three rules of Elliot Wave: Rule Number #1: Wave 3 can NEVER be the shortest impulse wave Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1 Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1 The five wave graph of Bitcoin Gold, obeys the rules of Elliot Wave theory by bouncing back form the upward trend line. Therefore, our...