Hi dear friends, hope you are well and welcome to the new trade setup of Bitcoin Gold (BTG)
On a monthly time frame, DCR has formed a big bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Gold against bitcoin was lower only in 2018.
From this point I expect another 30% up in Bitcoin price till 24000 after which there will be a crush like 2018
Practicing the fib time zones, let me know.
Possible peak spiral price of 14500 at peak of a bubble
(1/1) Gann line is the mean price line increase for BTG over the next few years.
Various chart patterns have formed on the BTG/USD chart, including a symmetrical triangle that holds a falling wedge within it, VERY bullish. An Eve and Adam pattern (opposite of adam and eve) Eve bottoms appear rounded while Adams appear straight and sharp (I like to think of Adam and Eves private parts in the Bible to remember) This again is very bullish. A...
Bitcoin Gold has formed a descending scallop against the bitcoin pair. Descending scallops have been surprisingly successful in the cryptocurrency market, possible due to the large abundance of the pattern. This is a bullish reversal pattern. Blue box indicates buy zone on EMA line.
Often many coins will display little to no trading patterns. This is due to their youth and lack of public adoption. For example bitcoin gold shows a clear bearish trend, however it is lacking the necessary features to identify directional movements. Swings can often be random, pumping at times when big players feel like it is necessary for them. This can spell...
Technical analysis:
. BitcoinGold/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a...
Technical analysis:
. BitcoinGold/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI is broken, so the probability of the resumption of...
Technical analysis:
. PEERCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 51.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. The price downtrend in the daily chart...
Technical analysis:
. BITCOINGOLD/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.109290 to 0.089890). if so, traders can set orders based on...
Technical analysis:
. BITCOINGOLD/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.109290 to 0.089890). if so, traders can set orders based on...
Technical analysis:
. BITCOINGOLD/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of...
Technical analysis:
. BITCOINGOLD/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of...
