BTG Has Bottomed?? Bullish Three-Drive Pattern!!1. As we can see, BTG has drawn 3 bullish drive patterns.
2. The first resistance target is around $ 17
3. Be careful if the price drops below $ 12, it'll potentially change to a downtrend on the daily chart.
Good Luck :)
BTG
Bitcoin Gold ($BTG) - up to 1447% PPT! Long term trade.$BTG is showing bullish divergence on daily chart.
It's been in accumulation for a while and ready to start new cycle.
It's one of the few alts in top 50 with that high PPT.
Green - buy. Red - sell.
It's not a financial advice.
Trade carefully and good luck!
Looking like an ascending triangle....$BTG (requested) Looking like an ascending triangle will push the price higher if cross EMA100(red). UCTS showing a buy signal, MACD looking bullish, RSI really close to overbought levels... Volume MIA, in order for this to be a succesful breakout, volume is needed.. #BTG
There is a trading opportunity to buy in BTGETHTechnical analysis:
. BitcoinGold/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.079700 to 0.068100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.079700)
Ending of entry zone (0.068100)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.090000
TP2= @ 0.105960
TP3= @ 0.121340
TP4= @ 0.135070
TP5= @ 0.149380
TP6= @ 0.173670
TP7= @ 0.240830
TP8= @ 0.380120
TP9= @ 0.599320
TP10= Free
BTG Bitcoin Gold - Full retraceNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
In our friendly group, we took a close look at Bitcoin Gold back around August 2018 and hopefully at this point everyone has seen the BTGUSDLONGS chart. I don't want to get into that right now, but feel free to take a look if you'd like. We watched the flat top wedge form and traded the breakout. There was some crazy price action at the top (as you can see by that crazy candle) and we got out.
Now we're sitting at almost a 100% retrace, so the question is... are we done here and finding a good support or are we going to continue more red.
My gut feeling is we're going to fail this support and fall more but it depends on what the price action is doing. What I can see right now is yesterday there was plenty of buying but more selling (causing a long wick on top of the small candle body). Similar candles can be seen in the immediate past (within the last 2 weeks). This does not look good for BTG.
I said I wouldn't get into the BTGUSDLONGS chart but here I go anyway. If that person decides to unload that position, they hold such a large position it will likely crash the price of BTG and fast.
All in all, I would stay away from Bitcoin Gold until it decides what it wants to do.
Trade safely my friends
<3 -CE-
Precious Metals, the historical safe haven.
What can be said about gold and precious metals? Gold has always started out as sound money, followed by monetary expansion, devaluation, and eventual collapse. Take the Roman Empire for example, money started as solid gold coins which eventually expanded with a mixture of base metal, than became worthless. Remember when a quarter was silver, penny was copper, and the rest was a mixture of silver, copper? Now? They are worthless base metals. This trend continued throughout history. Here we are again. This read will go through some of the current economic conditions with some commentary and suggestions. So, let's start with some recent economic news:
7 out of 9 recessions since 1950 came after rate hikes.
Auto-Loan Delinquencies are higher today than the peak of 2008 recession.
Corporate Debt has doubled since the 2008 recession.
National, student, personal, and credit card debt is higher now than 2008. At Record Levels*
Germany and Italy GDP Growth Rate is -0.2, Japan GDP Growth Rate is -0.6
New Home Sales fell 19% in 2018. Existing Home Sales have fallen.
Auto-Sales are down on average 3%, up to 6% by manufacturer report.
Credit Card delinquencies are up 17% since Q1 2016.
Derivatives up more than $100 trillion since 2009.
China posted two-consecutive contraction in manufacturing.
1 in 3 Americans have less than $5,000 saved for retirement.
69% Of Americans Have Less Than $1000 In Savings
So, what's going to happen?
- The ugly truth is economic and monetary pain. Global economic weakness and contraction is here. Once the markets finally react to the toxicity of the monetary system, the central banks will react like they have in the passed with slashing interest rates, debt purchasing, and bond buying programs. But this time, resulting in the weakening or even failure of a currency. Let's go back to that monetary trend. Gold, expansion, devaluation, and than collapse. It's obvious where in the trend the monetary system is. We should expect astronomical injection of liquidity, purchasing of debts, and QE.... as a start. There are a few nations which have foreseen this and have been buying gold like never before. So, if they can foresee the problem and offset their exposure to it.. why aren't you? Have you noticed that gold has made a dramatic comeback after the bear market started? Gold has broke $1300 barrier with ease, and continued upward even with the stock market gains. Regardless, the price of gold must keep up with inflation. This tells us that the smart investors are starting to pile into safe havens, regardless what the market or central banks do. The recent actions from the Fed have proven that the stock market is indeed a bubble. The 0% interest rates fueled the bubble, the interest rate hikes popped the bubble. We saw proof of this:
*Dec 21st, 2015 - (Dow 17,700) - Interest hiked, Dow fell 2,060 points until the Fed calmed markets by stopping rate hikes until after elections.
*Feb 2018 - Dow fell 2,244 points.
*Sept-Dec 2018 - Dow fell from 26,828 to 21,792 a drop of 5,036 points.
*Feb 2018 - Fed announces pause in rate hikes, Dow jumps 400-points.
As you can see, the Fed and interest rates have a direct impact on the stock market. Rising interest rates have put Emerging Markets in a tough spot, as 2018 saw EM Currencies drop anywhere from 20-50%. Recession is on the horizon, even in Europe. The fear is that the ECB will be powerless to calm any financial turmoil as ECB interest rates are already negative and QE is still being implemented. In the US, the Fed will slash rates to 0% immediately, followed by QE, but, this time the dollar will take a severe hit.
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What to do from here?
You see the storm far off and it's growing as well as coming towards you but where you stand, it's relatively calm. The problem is complacency in the calm or believing the storm is long away from hitting. But, storms are variable and can move any direction and gain speed. So, why not acknowledge the problem and prepare now? Now that gold is not $2,000+/oz. Why not look into gold mining stocks that are up 8-25% since November? Start putting more into precious metals and less into stocks, forex, and crypto. 15%-20% of your portfolio is not enough. Stocks, currencies, crypto can drop 90% in less than a year, but precious metals will always have value. Ask yourself how long it took for the Dow to reach 26,600 points and then ask yourself how long it took to drop 4,000 points? Take a moment to think about that. 10-years to grow to 26,000 vs 4-months to fall 5,036, where is the stability in that? This isn't a case of "eventually it will happen", it's already begun. The gains and drops are volatility that has set in.
Gold Price Targets: North of $2,000 / OZ. Realistic, 3-5
Is Cryptocurrency a good investment?
No. It is now commonly known as digital fools gold. Without internet, you can't access or spend it. It has no value, its another form of fiat. As long as the people believe crypto is worth something, it has "value" but based on its current price, investors and traders are realizing its true worth. Worthless. Nothing. Nada.
What are some good mining stocks?
BTG - WRN - ASM - AUY - GLD, most of these stocks are up anywhere from 10%-20% (1-Week to 3-Month). Compare that to stock market, which are down on average 20%.
What stage are we at and when could this happen?
We're Q1 of 2007, heading into Q2. Remember, Q2 is where all the trouble began when rates adjusted.
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In conclusion.
The numbers are out there, you can see it all for yourself. It doesn't take an expert to see the numbers are bad and the financials are toxic. It just takes effort and interest. If we take all of our financial news from major financial news organizations (stars with C and the other with B), then we're not going to see it until after it hits. Just remember, their "experts" said there was no recession coming and this were great. A recession isn't official acknowledged until its already here. What stage are we at and when could this happen? We're Q1 of 2007, heading into Q2. Remember, Q2 is where all the trouble began.
Daily Bullish Signal $BTG #BTG (28 Jan 2019)BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
BTG-BTC Long Trade PlanBITCOIN GOLD LONG TRADE
Chart is self explanatory I think.
Shorting zone is mentioned along with Stop Loss and TP Price Points.
There is a possibility for the beginning of an uptrend in BTGETHTechnical analysis:
. BitcoinGold/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.089900 to 0.078500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.089900)
Ending of entry zone (0.078500)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.105960
TP2= @ 0.121340
TP3= @ 0.135070
TP4= @ 0.149380
TP5= @ 0.173670
TP6= @ 0.240830
TP7= @ 0.380120
TP8= @ 0.599320
TP9= Free
~ 47% ProfitHi Dears,
Wait until the purchase reaches
Buy the BTG at around 10.8
But remember that nothing in this world is 100%
Good Luck
Wait for retrace... On a descending channel, after a 25% drop that the UCTS called. I expect price to retrace to 2800sats before finding support/bounce. If you are into trading this asset or buying it, wait for this level to take actions.
BTGBTC Trade SetupShort-Mid Term Trade
Accumulate in the given Buy Zone
TPs at the Blue Lines
SL at the red line
There is a possibility for the beginning of an uptrend in PPCBTCTechnical analysis:
. PEERCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 51.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00016500 to 0.00013250). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00016500)
Ending of entry zone (0.00013250)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00019800
TP2= @ 0.00021500
TP3= @ 0.00025500
TP4= @ 0.00031580
TP5= @ 0.00049700
TP6= @ 0.00051700
TP7= @ 0.00060700
TP8= @ 0.00073500
TP9= @ 0.00089900
TP10= Free
BTG Holding Support - Can Break Away and MoonAs many already know, most coins have hit rock bottom and BTG is not an exception. Looking at the charts, one can tell BTG has held on to its support for the past two months(October - December 2018).
BTG has hit support again and hopefully the charts will play out nicely.
Trade is open.
Daily Bullish Signal $BTG #BTG BTG/BTC (1 Jan)BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
BTG Market ReviewBTG correction is coming to an end
One more wave 5 of C and should start the impulse up
BTG Bitcoin GoldOn this chart we see all trade history BTG/USD on Bitfinex. After huge falling movement Bitcoin_Gold is in big flat zone from June 2018. This flat looks like accumulation of positions. We saw double volume squeeze On September, bigger then avarage Volume indicator, but without price changes.
Then we need to look on BTG/USD Long positions amount:
There we see the strong accumulation of Long positions on Bitfinex from 17 August. What is it? Why Long positions did not decrease even where all crypto market was under stresses? Maybe it is the next manipulation by Bitfinex as ETP?
There are many questions which I haven't answer but one thing I know - BTG expects some movement, strong movement..
So, I am considering BTGUSD as good Long position for long-term. It is a risky deal but we may see a huge pump!
Pay attention for this coin, guys and do not forget about risk management.