Bearish Trend Continues with Potential Reversal Zone IdentifiedBearish trend on BGB, an asset that has also been undergoing a strong correction since the last overall wave that affected all crypto assets. However, the volume on this asset remained quite active, which gave me an idea that it's possible they are hedging on BGB against other cryptos that experienced much higher volatility, resulting in greater losses in this bearish wave we are experiencing.
With that said, my view focuses on converging points, which basically consist of the target of the double bottom pattern on the H1 chart, the 61.8% Fibonacci retracement on the H1 chart, and on a more weekly or daily chart, we can see an uptrend trendline converging to the same point mentioned above. Combined with weak indicators such as OBV and Stochastic, the asset continues its bearish trend with no possibility of operations on the upside leg.
Upon reaching the convergence point, roughly between 1.045 and 1.600, I await a possible price resistance signal, and the moving averages nearing this region to then look for any bullish pattern or candle that could give me an indication of a reversal to the upside. But at this moment in the medium term, there are no buying points.
For sellers, selling operations, I await the price to return to the top of the bearish channel formed on the H1 and then enter the breakdown below some candle that could signal this entry.
BGBUSDT trade ideas
Bearish Trend Continues with Potential Reversal Zone IdentifiedBearish trend on BGB, an asset that has also been undergoing a strong correction since the last overall wave that affected all crypto assets. However, the volume on this asset remained quite active, which gave me an idea that it's possible they are hedging on BGB against other cryptos that experienced much higher volatility, resulting in greater losses in this bearish wave we are experiencing.
With that said, my view focuses on converging points, which basically consist of the target of the double bottom pattern on the H1 chart, the 61.8% Fibonacci retracement on the H1 chart, and on a more weekly or daily chart, we can see an uptrend trendline converging to the same point mentioned above. Combined with weak indicators such as OBV and Stochastic, the asset continues its bearish trend with no possibility of operations on the upside leg.
Upon reaching the convergence point, roughly between 1.045 and 1.600, I await a possible price resistance signal, and the moving averages nearing this region to then look for any bullish pattern or candle that could give me an indication of a reversal to the upside. But at this moment in the medium term, there are no buying points.
For sellers, selling operations, I await the price to return to the top of the bearish channel formed on the H1 and then enter the breakdown below some candle that could signal this entry.
BGB - Bitget a market's rising star!BGB is breaking a consolidation/re-accumulation pattern,
at 1.15$ per coin, which is a good signal to go long, and perhaps to get an important bullish momentum.
This coin has been a good runner so far, and it has continuously rallied, accumulating and rallied again, we see that when it did it, it has rallied very strong, thus we expect something to happen soon after the break out ;-)
Our first potential possible target is 2.5$
Good trading!!
BGB - Bitget trend continuation!As we see BGB coin is resuming his bullish momentum trying to getting near his highs with a good long bullish bar.
Volumes are stable which could lead to a sideways movement after touched the 0.68$ level,anyway the medium term seems to be good positioned to a bullish continuation, but we need to wait after the 0.68$ price level.
Possible potential targets can be 0.85$ and then 1.20$ but if the trend get stronger we can aim to go forward.
good trading!
BGB after Last Successfull trade here is the New One**Bitget Token (BGB) Fundamentals**
**Bitget Token (BGB)** is the native utility token of Bitget, a global cryptocurrency derivatives exchange. It was launched in July 2021 and has since become one of the most widely used tokens in the derivatives trading space. BGB is used for a variety of purposes on the Bitget platform, including:
* **Staking:** Holding BGB tokens can earn users rewards in the form of additional BGB tokens.
* **Social Trading:** Users can earn extra BGB tokens by copying the trades of successful traders on the platform.
* **Profit Sharing:** BGB holders are entitled to a portion of the exchange's profits.
* **Discounted Trading Fees:** Users who hold BGB tokens can receive discounted trading fees on the platform.
* **Launchpad and Launchpool:** BGB holders can participate in exclusive token launches and liquidity mining opportunities.
**Recent News**
* **BGB Price Surges:** BGB's price has been on the rise in recent months, reaching a new all-time high of $0.66 in January 2024. This is due to a number of factors, including the growing popularity of the Bitget exchange and the increasing demand for BGB tokens for staking and other purposes.
* **Bitget Launches New Derivatives Products:** Bitget has recently launched a number of new derivatives products, which has helped to drive demand for BGB tokens. These new products include single-currency reverse futures and perpetual swaps.
* **Bitget Partners with Major Brands:** Bitget has announced a number of partnerships with major brands in the cryptocurrency and traditional finance industries. These partnerships have helped to increase the visibility of BGB tokens and attract new users to the platform.
**Disclaimer**
Please note that cryptocurrency prices are volatile and can fluctuate significantly. There is no guarantee that BGB's price will continue to rise. It is important to do your own research before investing in any cryptocurrency.
BGB Buy Trade. Here is My Study On BGB
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
BGB - Standing Strong ๐ชHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐ Despite many altcoins experiencing lower lows over the past couple of months, BGB has demonstrated resilience by maintaining support above 0.4.
๐ As BGB nears the lower boundary of the red channel, coinciding with the 0.4 support level, we will be on the lookout for short-term buying opportunities .
๐ To regain medium-term bullish momentum, it is essential for BGB to breach the channel's upper boundary and surpass the previous significant high marked in red, which is approximately at 0.45.
Which of these scenarios is more likely to occur first, and why?
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BGBUSDT on a Channel Up targeting 0.8000The Bitget Token (BGBUSDT) has been trading within a Channel Up pattern since March 2022. For the past 3 months it has entered a consolidation in the upper level of the Channel Up around the 1D MA50 (blue trend-line). A similar 3 month accumulation phased took place below the middle of the Channel Up just before the February rally. As long as the price stays above the 1D MA50, we can stay bullish. If it closes below it, we expect the price to seek the 1D MA200 (orange trend-line) for Support and then rebound. In both cases we are targeting 0.8000.
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$BGB - Bitget's flagship coin. This is Bitget's platform token. I've been looking at this chart for a few days and could clearly see the retrace wasn't over.
The volume started to pick back up again early 2023 to form an impulse. Where this is situated in the grand scheme of things, only time will tell, but this structure most certainly needs a wave 5. Unless this is nothing more than an ABC with higher than average volume. I believe a break below 0.238 would confirm the corrective conclusion.
Please notice the Shallow retrace of (2) on the chart. This is what allowed me to suspect a deeper correction in this wave (4) we are currently in. I'm expecting for us to test the 33 cent mark rather soon.
Safe Trades to all!
BGB - 100%+ Move!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BGB was stuck inside a range 0.17 and 0.22
As per my last video analysis (attached on the chart) we were looking for short-term buy setups inside the range.
๐น BGB got even stronger and broke above the 0.22 resistance zone in green and kept moving higher for another 100% bullish movement.
Last week, we have rejected the 0.5 round number and now retesting the blue demand zone.
As per my trading style:
as BGB approaches the demand zone 0.35, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
how knows maybe the next bnb? (BGBUSDT) ๐ฃ๐Hello ๐
Based on the chart, and Fibonacci indicator and fib supports and many other fundamental sign we expect more gain โ๏ธ
here
the price can shape the parallel channel and see more range market or explosive volume and huge gain ๐ฃ๐
otherwise
we can see more correction to lower support level โ๐งจ
if
breakout of the upper resistance zone be completed, we can see more pump to the upside and ATH โ๏ธ๐
Please, feel free to share your point of view, write it in the comments below, thanks ๐
how knows maybe the next bnb? (BGBUSDT) ๐ฃ๐Hello ๐
Based on the chart, and Fibonacci indicator and fib supports and many other fundamental sign we expect more gain โ๏ธ
here
the price can shape the parallel channel and see more range market or explosive volume and huge gain ๐ฃ๐
otherwise
we can see more correction to lower support level โ๐งจ
if
breakout of the upper resistance zone be completed, we can see more pump to the upside and ATH โ๏ธ๐
Please, feel free to share your point of view, write it in the comments below, thanks ๐
BGB - Video Update!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for BGB .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BGB - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for BGB.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Bitget - Wait For The Bulls! ๐Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
While many altcoins made lower lows the past couple of months, BGB stood strong above support.
on DAILY: Left Chart
BGB is stuck inside a range in the shape of a symmetrical triangle highlighted in red.
๐For the bulls to take over medium-term, we need a break above the upper red trendline, and then above the green resistance 0.225 for the bulls to take over from a long-term perspective.
Meanwhile, as we approach the lower red trendline and blue support, we will be looking for short-term buy setups.
on H1: Right Chart
BGB is bearish short-term trading inside the orange channel.
๐ ๐นTrigger => for the bulls to take over, we need a break above the orange trendline and last major high in gray.
Meanwhile, until the buy is activated, BGB can still trade lower till the blue support and form a new major high before the bulls take over.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitget - Standing Strong ๐Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
While many altcoins made lower lows the past couple of months, BGB stood strong above support.
BGB is stuck inside a range in the shape of a symmetrical triangle highlighted in red.
For the bulls to take over medium-term , we need a break above the upper red trendline, and then above the green resistance 0.225 for the bulls to take over from a long-term perspective.
In parallel, for the bears to take over, we need a break below the blue support 0.17, in this case a movement till the next support would be expected.
Meanwhile, inside the symmetrical triangle range, we will be looking for short-term buy and sell setups respectively around the lower bound and upper bound.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BGBUSDTBGBUSDT is a Bitget exchange token. And only available on Bitget exchange, if one of more exchanges launch it, then it's will be boom.
Now the current scenario will be playout when bitcoin is stable, and give some upside move.
Gain for this trade is 30% and Stoploss is 8%. Invest and accumulate those amount which you can Offord.
Take risk accordingly with this trade setup.
IS BGB TOKEN A NEXT BNB?Hello members, welcome to BGB/USDT update by CRYPTOSANDERS.
In the current scenario, BGB/USDT is trading inside the H&S pattern.
Here we are expecting that it will come down near the yellow zone which will be the zone where we can take a position on the spot and hold it for the long term.
BGB (Bitget token) is an upgraded platform token of the Bitget exchange.
The Bitget exchange is one of the fastest-growing exchanges.
Entry:-CMP
$0.14
$0.16
Target:- long-term hold and good profit
Stoploss:-NA
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
IS BGB TOKEN A NEXT BNB?Hello members, welcome to BGB/USD update by CRYPTOSANDERS.
In the current scenario, BGB/USD is trading inside the triangle pattern.
Here we are expecting that it will come down near the yellow zone which will be the zone where we can take a position on the spot and hold it for the long term.
BGB (bitget token) is an upgraded platform token of bitget exchange.
Bitget exchange is one of the fastest-growing exchanges.
Entry:-CMP
$0.18,
$0.19
Target:- long term hold and good profit ๐๐๐โ๏ธโ๏ธ
Stoploss:-NA
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
BGBUSDT made a bullish break-out. Potential for +7% profit.The Bitget token (BGBUSDT) broke today above the last Lower Highs trend-line left as Resistance since the pull-back from the February 10 High. By doing so, it also broke above the 1H MA50 (blue trend-line) which has been unbroken also since Feb 10. This is technically a double bullish break-out formation and now which should turn our focus on the Fibonacci retracement levels for potential targets. Notice also that the MACD is on a Bullish Cross, while the RSI has also broke above its respective short-term Resistance level.
If the 0.382 Fib level breaks, our bullish target will be the 0.618 Fib at 0.11713. We may see some profit taking there, so buying should be extended after a confirmed break of the 0.11785 Resistance, where the target will be a complete gap fill at 0.12115. This represents all together from the current levels a +7% profit opportunity.
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