Bitcoin Gold (BTG) - June 8

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(BTGUSDT 1W Chart)

You must climb at least 29.14 to get out of the bottom section.

If support is found above 29.14, it is expected to continue the upward trend from a mid- to long-term perspective.


(1D chart)
Since it is located in a new low, you should be cautious when trading as even if you switch to an uptrend, you can lose more if you don't break out of the bottom.

So, it's important to see support at 29.14.

Therefore, it is recommended to use the following information to check the flow.

(buy)
- After confirming the support in 21.33

(Stop Loss)
- When it falls below 18.42

(Sell)
- When receiving resistance near 29.14
- When resistance is received in the section 36.10-43.46


Since volume profile sections are formed around 59.03 and 83.70, I think that a sideways period is necessary to break through these sections.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Comment:

The chart above listed later than other exchanges, so the current position is said to be a new low.
Accordingly, we apologize for any confusion.

Comment:

(BTGUSD 1W Chart)

In the medium term, it needs to move higher than 28.098454 to continue the uptrend.

However, since a volume profile section is formed near 39.567793, it is expected that the upward trend will continue only when this section rises.