BTGUSD $488+ After Correction? Elliot Wave AnalysisPreface - don't enter long now, at the price of posting, this is a long idea at ~320-296
Why I think this:
Short-term bearish indicators
-Bearish RSI divergence on shorter candle lengths (blue line on RSI graph)
-Bearish MACD divergence seen on longer candle lengths (4h for example)
-RSI showing a lower low for each lower low, showing a likely continuation short-term (white line on RSI graph)
-This is showing a likely at least a retest of the previous support at the 50% Fibonacci retracement.
Longer-term bullish indicators
-Super strong volume on breakout of consolidation phase
-Strong RSI on longer candles lengths (again, seen on 4h) from high to high showing a continuation after correction which is also shown short-term on longer candles like 4h where low to low it's reaching lower RSI)
Please leave any feedback/comments below. If I don't reply feel free to PM me (I have been having trouble responding to people in my comments for whatever reason)
BTG
BTG may have found bottom$338 has mild support could be a good entry point. It's only bounced off the 0.618 level a couple times meaning mild testing. Watch btg closely, could reach ATHs ny the end of the week
BTG/USD - Are we going up to 500$?If the trend continues then we can reach it. No drastic falls, the price is stable, and ready to go up. Indicators started to fall to the over sold area, and we have a simmilar pattern like on the 300$. You can see side move, but the trend can change fast. If you have btgs or if you are planning to buy some then be prepare to overbreak, and be careful.
BTG about to breakout againLarge Bull Flag has just broken in an upward trend, looking great for another run. Resistance @ $405.00. Support @ $375.00. A break of either will signal trend. Looking really Bullish.
BTG Next leg up or sharp correction?We are currently at a crucial point in BTG. The correction from the $477 high may have completed at $150 or we are seeing a sharp ZIG ZAG correction unfolding that should terminate at the $420 zone and head back down.
Pushing to a new high would of course void this outlook and we can consider higher prices to come as we head into Primary 3
BTG/USD - Two possible scenarios in the next few daysGreen.: Start to draw a Head and Soulders pattern (top of the head.: 300-320$)
Red.: It's go down, back to the 160-170$
Bitcoin Gold stuck at trendlineFollow up to a previous post...
Outlined these trendlines earlier and suggested the price was moving to the upper trendline. This trendline is now bit of a resistance level. I'm not selling right now, a break through this trendline will be exciting. No price target atm, not appropriate to draw fib retracements right now.
BTGBTC Bullish Pennant Pattern with possible uptrend BTGBTC Bullish Pennant Pattern with possible uptrend. This chart is dependent on BTC.
BTGUSD short chart viewBitcoin gold short chart view is showing us some support below, but not a strong one as this is new coin with lots of bears inside who wants to sell and move to BTC or other coins. If we move again to resistance - yellow mark, I would be seller here and wait again for a pull back. Expect some wild runs on this one as we need to get clear picture where this is going. Have your fingers on trigger and don't get carried away with huge pump&dumps.
BTG to continue its uptrend?BTG did today a +50% from 160 to 260 US$. For the moment we observe a correction but the potential is enormous, if we remember that 10 days ago it reached 480 USD.
Will it continue its road to to the top?
I think that it is important to confirm first that the price :
1) stays between the "Support Line" and the "Resistance Line"
and
2) there is a sort a breakout over the blue line.
If these 2 conditions are met, it is probable that we will have an uptrend. If not, we must wait for some time.
By the way, for the moment RSI and Aroon seem to show a reversal to an uptrend.
BTG/USDThe 150$ support is very strong. No doubt, We are going back to test the 180$. - Weekly Target 1.: 200$ Target 2.: 230$
New Hope Appears for BTG - Time to BuyThe whole BTG fork, annoucnement and hype sucked a lot of people into it. If you are one of the people who bought it at $100 and sold at $400 peak good for you.
If you got stuck into it at the peak and hoping it goes up again so you can break even at least, you are with me in this position.
My story with BTG is funny. When it was trading at $400, it had a few flash crashes to $280-$300. So I was pinned to my desk with a limit buy order at $310 so I can dump quickly and make an instant 30% $$$. We had party that night and after 30 minutes of being in front of the computer, a friend came in and I had to go get him from the lobby of our apartment.
Long story short, more guests came and I totally forgot to cancel my limit order. The next morning, I opened up my laptop to check the prices and I noticed that I have BTG in my Bitfinex! Strange! then I remembered that I forgot to cancel the limit order. But it was too late late, BTG was trading below $300 and then I got and didn't want to cut the losses so I waited for it to go up again and look where it is now and I lost 50% of my money in BTG.
Now I see three signals for BTG to become bullish again. The price stablizes between 200 and 170 for the past 3 days.
The slope of Volume Flow Indicator is positive and trend line is moving toward 0 and becoming positive.
And Weis Wave Volume chart shows three picks of green bars showing more buys than sells.
Buy BTG, Go long
BTG, long opportuniy Stop-Loss: 150$
Take-Profit1: 225$
Take-Profit2:300$
Take-Profit3:400$
Good luck folks
