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Bitcoingold

BTGUSD Major long-term bullish break-out!Bitcoin Gold (BTGUSD) broke today above the Lower Highs trend-line that started after the Cycle's High on May 2021. That is a major bullish break-out and the last Bear Cycle Resistance standing in the way is the 1W MA200 (orange trend-line), which even though it broke in mid October 2022, the 1W candle failed (emphatically) to stay and close above it. Secondary bullish break-out signal is given by the 1W RSI which broke above the 53.10 Resistance, a level holding since November 2021, which has 2 clear rejections on it. The RSI is about to get overbought so failure to close above the 1W MA200 could deliver a pull-back for the final 1W MA50 (blue trend-line) test as Support. A 1W candle close above the 1W MA200 however, will be a buy break-out signal towards the Target Zone within the 0.5 Fibonacci level and the March 22 2022 High (42.000 - 48.250). Our long-term target falls within that zone at 44.000, which is the high of the October 17 2022 1W candle. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTGUSDLong
by TradingShot
Bitcoin Gold (BTG) - June 8hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (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. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
B
by readCrypto
🆓Bitcoin Gold (BTG) Dec-27 #BTG $BTG . 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 44$ zone 🔴Buy : 44 🔴Sell : 52 - 60 - 72 📈BLUE PLAN ♻️Condition : If 1-Day closes BELOW 44$ zone 🔵Sell : 44 🔵Buy : 40 - 36 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
BLong
by CryptoStation