BTG has been crashing continually through out the whole bear market, you can consider this as a "dead" coin. When it's dead it's usually the time to load up on this shitcoin. Looks like a smaller scale alt season is coming up, so I'm preparing myself to load up on some BTG.
Entry - @ 0.0055 ~ 0.006
Target - @ 0.012
Stop - 10%
I'm betting on this to be the bottom,...
With the bearish flag forming and holding as a strong support, bouncing many times. I personally believe that a strong downward movement is imminent as it cannot continue to hold. Each time it attempts to uptrend the 55 ema (yellow line) acts as a strong resistance. The RSI is forming a symmetrical triangle which is also a sign a large movement in price could...
A bearish flag has formed and held as a hard support, however, I believe eventually it will break and reach the targets I've set. Using Fibonacci to calculate the targets.
I'm using GBP as it's my currency but the targets can just be converted :)
PEACE, LOVE & CRYPTO
This little period in February, Chinese New Year, has striking similarities to the past.
The bars are superimposed on top of this years graph for the same time period. They are so similar!!
Last February and the February before that have shown extremely similar patterns. I'm sure that the years before that did too.
We all know what happens after right? Moon time?
Disclaimer: I would just like to make clear that I am agnostic to the war that has unraveled between the two coins and that I will strive to remain unbiased in my analysis.
Fundamentals: Bitcoin Cash 3.17% has had an interesting announcement just recently by Roger Ver himself (check out his twitter): Visa debit cards. The aim is to make the currency utilitarian...
ETH/USD Bitfinex opening with a down gap below the developing trend and 200 SMA on both Daily and 4H Timeframes.
Potentially more sideways price action today, coiling inside of the triangle for a breakout.
Levels to watch:
Fib 0.5% level: $272
Butters has a bit of a wyc*koff* at the moment and so is feeling a bit down. but I'm sure he'll perk up, either into a consolidation triangle with AllTimeHigh as resistance, or more likely the PBOC has given us the 'Bitfinex moment' of this cycle and we'll have a chance to BTFD around 5200 (butters likes to revisit previous ATH's and lower trendlines out of...