Priceline of Bitcoin Gold / Bictoin has formed a bullish Crab pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.000861 to 0.000808
Sell between: 0.000900 to 0.000997
Regards,
Atif Akbar (moon333)
Technical analysis:
BITCOINGOLD/BITCOIN is in a range bound and beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 54.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is possibility of temporary retracement to suggested support zone...
