BTG
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/BTC (How a pump forms)BTG has been crashing continually through out the whole bear market, you can consider this as a "dead" coin. When it's dead it's usually the time to load up on this shitcoin. Looks like a smaller scale alt season is coming up, so I'm preparing myself to load up on some BTG.
Entry - @ 0.0055 ~ 0.006
Target - @ 0.012
Stop - 10%
I'm betting on this to be the bottom, at a lower time frame it has formed a double bottom with the RSI diverging already in addition to another alt-season. :D
Bitcoin Gold (BTG) - BTC (Fly High or Extended correction?!)Welcome to my blog dear investor,
Let's talk about the rules before we start our trading plan.
RULES:
1. always take full responsibility for the results yourself;
2. spread the risks, because spreading is making happy;
3. develop an investment method that is SMART;
4. develop its own vision on the functioning of the financial markets;
In this case i'll make a prognosis of BTG by using the tips in my previous post. I'll mix the Dow Theory with the Elliot Wave. I hope u will enjoy this one.. U also can use the questions for youre own prognosis. ()
1. everything is processed in the indices or market averages;
Well then we only look at the price to make an prognosis.
2. the market has three trends; (for the different types of markets go to Part 2 of my post, link upstairs)
It looks like we are in an upward trend which is correcting know..
3. each primary trend consists of three phases;
The accumulation phase has passed. The big investors bought theire shares and waiting for the correction of BTG. After the correction has passed the trend followers will step in. This will start the second phase. So that means, we are on our way to the second wave.
4. the market averages must confirm each other;
What are the market averages doeing know? Well i'm looking for the last week and last week % of BTC, ETH, LTC, NEO, XVG.
BTC: +%
ETH: +%
LTC: +%
NEO: +%
XVG: -%
The percentages are global averages. We can conclude that there is an upside trend the last week/days.
5. the volume must confirm the trend;
The volume has not confirmed yet that there is/will be an break out. We will wait and watch for the confirmation. If there will a bullis signal, but the volume is low, then i do not step in.. That means the bullish signal is to weak to continue and will fall down. When there is a bullis signal with high volume then that one can be an confirmation of a new wave..
6. a trend remains intact until there are definitive signals that it is reversed.
There is no signal of reverse know.. It is making an correction.. It will start his nes 5 wave of Elliot when the correction is done..
Let's set our target:
Buy-In target: 0.00772082
Wait for confirmation before buying.. This could be also an extended correction.. The fibonacci, RSI and MACD are negative with de daily chart.
Summary:
If the RSI, MACD and volume gives confirmation, then buy in at the buy-in target.. If the prices fall down, then it will be an extended correction.. I'll follow BTG for a long time.. This coin will make a lot of profit when it goes in his second phase..
Follow the money and i hope u will make a lot of profit..
One generation passeth away, another generation cometh, but the earth abideth forever. The sun also ariseth, and the sun goeth down, and hasteth to his place where he arose.
The wind goeth toward the south, and turneth about unto the north; it whirleth about contunually, and the wind returneth again according to his circuits. All the rivers run into the sea; yet the sea is not full; unto the flow from whence the rivers come, thither they return again...
The thing that hat been, it is that which shall be; and that which is done is that which shall done; and there is no new thing under the sun..
Source: Elliot Wave Principle, Key to Market Behavior.
What's next for BTG ? let's check this out.I would like to remind you im not a financial advisor and that I do not commit to the purchase or the sale and that these analyzes are for informative and / or educational purposes, you are master of your capital and discharge me consequently of what you make of it.
_________________________________________________________________________________________________________________________________________________________
our previous bullish trend was broken on bot side, what is not really good, but hopefully we can see a wait a good entry point right on the light green bullish trend or on the orange support, be carefull and make your own opinion. dont try it if you can't handle the risk or if the trend is broken, good luck guys.
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 - BTGBTC - Golden Daily SetupI have to say the Daily Chart is looking so GOLDEN for a MASSIVE Retrace!
Watch for the .038 - .04 btc range on $BTG
The main reasons i'm buying & HODLing is because the Daily & Weekly Charts look WAY OVERSOLD & the conference on the 30th of April.
coinmarketcap.com
bitcoingold.org
Price as of 4/27/18
$74.08 USD (-3.77%)
0.00818319 BTC (-1.75%)
Market Cap
$1,257,200,430 USD
138,867 BTC
Volume (24h)
$28,889,900 USD
3,191 BTC
Circulating Supply
16,969,749 BTG
Total Supply
17,069,749 BTG
Max Supply
21,000,000 BTG
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
BTG buying opportunity BTG need to break 0.0089 BTC resistance , after that it will follow all previous trend waves until 148 USD.
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)
$BTG 04.28..2018You can also draw a harmonic pattern in this chart imo but there is already enough visualisation in the chart. Adam N Eve double bottom. Bollinger Bands squeezed.
Inverse Head and Shoulders BTGBitcoin Gold is showing a bullish inverse head and shoulders on the 1 hour. This could be the catalyst for its fifth wave. However, because it's a lower time-frame, it's not as strong. However, still a possibility.
BTG If it really is alt season... BTGBTC DailyVolume increasing, price compressed
Huge upside potential
Broken above & retested 50 sma
Why not have a small bag?
beautifull bullish trend on BTGI would like to remind you im not a financial advisor and that I do not commit to the purchase or the sale and that these analyzes are for informative and / or educational purposes, you are master of your capital and discharge me consequently of what you make of it.
______________________________________________________________________________________________________________________________________________________________
BTG perhaps on bottomBTG is still alive! There is more volume in trading in this coin, than in other altcoins. So this is good news. And - even if it´s not 1:1 correlated to BTC the correlation is rather high - as can be seen in the graph.
If BTC remains above the actual support - as I´ve mentioned in my BTC- analysis - this means for BTG that it also will stay above the support 40$ (swing trend line).
Combining the last dips we see a small ascending trend.
Of course, in the long run BTG is still in a bearish cycle, as the majority of all crypto coins and tokens.
So it has to break the long descending trend line (dotted) before initiating a new trend.
The first aim could be 56$ (swing trend line) and then the last swing trend line at 78$.
This only will happen if BTC also climbs (and other altcoins too).
But this is no fairy tale, it is very possible.
Stop:
On the other hand, if BTG plumps down and breaks the support at 40$ it is probable that a new all time low will be seen.
Indicators:
RSI in neutral zone and above ascending trend line
ADX: trendless
EMA 50: turning from bottom to up, and BTG just on the line
volume: good, should be enough for new dynamic
