The crypto pair decreased today and could pressure the 0.005564 critical support level. A valid breakdown will confirm a further drop. Only a valid breakout above the downtrend line will announce a broader rebound on the Daily chart.
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...
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,...
Oh hi there, it's Marmalade Mike,
Firstly, this call gives me no pleasure to call. Though I certainly never don't hate on any coin, if a coin can make us money then i'm more than happy for it to exist.. BUT.. it's got to be said that when it comes to Bitcoin Gold i'm not such a fan since it doesn't bring anything new to the space and how it got listed on all the...
Some say it's manipulation, I am undecided.
I just draw what I see.
This new sequence seems to be unfolding, it will most likely be slower and more shallow than the last.
The support line is being approached and the symmetrical triangle is forming.
I will wait for an RSI confirmation - reaching the overbought level to sell short.
BINANCE
