BTGUSD - some levels Certain arguments will certainly make a difference, but they are unlikely to change the course.
BTGUSD trade ideas
BTGUSD Major long-term bullish break-out!Bitcoin Gold (BTGUSD) broke today above the Lower Highs trend-line that started after the Cycle's High on May 2021. That is a major bullish break-out and the last Bear Cycle Resistance standing in the way is the 1W MA200 (orange trend-line), which even though it broke in mid October 2022, the 1W candle failed (emphatically) to stay and close above it.
Secondary bullish break-out signal is given by the 1W RSI which broke above the 53.10 Resistance, a level holding since November 2021, which has 2 clear rejections on it. The RSI is about to get overbought so failure to close above the 1W MA200 could deliver a pull-back for the final 1W MA50 (blue trend-line) test as Support. A 1W candle close above the 1W MA200 however, will be a buy break-out signal towards the Target Zone within the 0.5 Fibonacci level and the March 22 2022 High (42.000 - 48.250). Our long-term target falls within that zone at 44.000, which is the high of the October 17 2022 1W candle.
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$btg #BTG BTG - long, but caution as it's past 'sweetspot'Bitcoin Gold, a fork on Bitcoin, is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs. BTG has had a stellar outbreak to the upside, passing the 162.8% fib extension level, and then the 261.8% level. It's made new high three times in a row, with the latest high around 115.35. If price can push above around 107.34 then this will indicate bullish continuation in the short-term, while a drop below around 97.88 will mean that a larger correction to the downside is in the cards. Please follow BradtNom, leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.
BTG Ready To Move Bitbay had insane buy volume recently but I know its probably fake, US Investor so my only option is HitBTC. Wedge has formed nd compressed price to the end. Stochastic RSI is 25 & 27 so certainly could lose momentum. However we had a wick to .24 at the beginning of the month. Will the bulls take us there?
