jpbrown1023

BTG - Bitcoin what? Oh yeah... GOLD!

BITFINEX:BTGBTC   None
What better way to kick off St. Patty's Day weekend with some Bitcoin Gold?! This coin could use some luck of the Irish right now. I tried to dissect every aspect of this chart with trend lines to see if there was something I was missing or if there was a clue as to when my Gold would double. Maybe this is the weekend? This is a funky chart as it had two really big pumps to start followed by a much smaller tighter descending wedge. Without bigger pumps I'm left boundary-less and guessing where to position my lines, so I stuck to the tighter falling wedge outlined in white. I also looked at the weekly chart which I will attach below and you will see why I felt these were the best lines to go with. The price has been hovering below the 10-day EMA without so much as one bullish crossover since February 23rd. While the market has been bearish, this coin could use some good news. Looking at their road map, in Q1 they rebranded and have been collaborating with academics/universities. They plan to integrate a debit card program as well as the Lightning Network (Mainnet LN was implemented today!) by Q2. This could be a game changer. It's hard not to agree with their ideology, but with little price action since November, this coin has fallen off a lot of people's radars. A turn around in price will definitely attract more interest and at a tenth of its all-time high, you could be getting in close to bottom. It will be interesting to see what the future brings!
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