Bitcoin Cash - The Dragon is Awake(Verbose write up and structure on Yours.org (in my signature))
Welcome to the future, friends. So many people, all these months, have said this would never happen. Mostly, they said this during times of Bitcoin Legacy pumping. In reality, people do not care about Tether, transaction fees, confirmation times, who Blockstream is, who their backers are, wash trading, or the nature of the ultimate ending of the banks behind Core, Lightning Network.
People care about one thing, which casino token they can ride to make money on. All of their profits are eliminated during correction and the ensuing bear market, and they lose all the money in their accounts, but they couldn’t care less along the way.
Why? Because most people are simply gambling and chasing a get rich quick scheme.
Investors have made nearly 1000% since November 1. Gamblers have likely lost money.
You can decide for yourself whether you want to listen to trolls, shills, and charlatans, or if you want to find better sources of information.
The definition of insanity is doing the same thing over and over again.
Right now, mining profitability has stabilized to equality after being heavily in BTC’s favour for the last few weeks, Bitcoin Cash has been released on Coinbase, and fees and transaction times are absolutely suffocating the Bitcoin Legacy chain.
Shoutouts to everyone over the last month or two who have been following my posts while I made the $3,400 call when everyone said I was retarded.
I also made a $5,500 call at the same time.
We'll see.
What's up and where are we going? Check out my Yours.org post (in my signature) for a verbose write up and optional trade structure.
Post will have:
Trade structure, strats, stops, and targets
Bitcoin Cash futures market
A possible black swan on the horizon
Multiple updates and strategies as price progresses.
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org
Bitcoingold
BTG .. the pump is commingwait the breakout
suppurtes , resistances , targets all in the chart ..
good luck trading :)
Pennant Situation CriticalHave a clear pennant trend pattern forming. This could break through the downtrend line and move upward toward ~$409 or it could potentially break the uptrend line and move downward toward $271 or $194 support levels.
(Be aware, I am a novice. Do you're own work and take responsibility for your own trades.)
Bitcoin: Core, Cash and Gold CorrelationsBTC - Yellow
BCH - Green
BTG - Pink
Since BTG was created it has been highly correlated to BCH.
Since B2X fork was canceled both BCH and BTG have shown similar negative correlations to BTC. Both BCH and BTG prove to be strong BTC hedges.
Dec. 18 - BCH shows significantly stronger negative correlation to BTC compared to BTG. This leads me to believe that BCH is the optimal BTC hedge.
Important note: Last post i outlined the 0.24 BCHBTC resistance line since the BCH fork.
BCH has not been able to sustain this level and tends the BCHBTG level goes down to go down a significant amount. If reinvesting or beginning to invest in BCH, watch the BCHBTC price.
The current 0.24 BCHBTC price is a good level on to at least some BCH profits off the table or into other coins.
BTGUSD Bitcoin Gold. TriangleSo, generally I saw Bitcoin retracement yesterday and it may be confirmation of correction, but still it's bullish. If Bitcoin doesn't continue it's uptrend and goes flet we may see such movement of BTGUSD, Cycles and Stoch RSI indicators are on lowest point.
Stop-loss as usual at 220$ - 225$. Good Luck !
Bitcoin Gold (BTG) by Request (300%+ Earnings Potential)Bitcoin Gold (BTG) doesn't have much history, so we can't expect that much from this analysis, other than the fact that the coin is bouncing off from the bottom and trending upward with strong bullish momentum.
Buy-in: 0.0215 - 0.0265
Stop loss: 0.02148
Indicators:
- Clear uptrend
- All indicators pointing upwards.
- Good candlestick formations.
Message:
- Invest only what you can afford to lose.
- Use capital management. (10-20% of your bankroll)
- Diversify.
- Stay calm, relax, breath & enjoy.
Namaste.
Trade active @ 0.0243
Bitcoin Gold/Tether: Buy OpportunityPrice in Bitcoin Gold/Tether is moving into an upscending channel, above a key support zone. The lower parallel of the channel has acted as support at both times it was tested. In case we see price retesting the lower parallel we 'll consider going long with stop-loss below the support zone at around 255.00.As for profut targets we better aim for the upper parallel of the channel at around 400,00. This has the potential to work out as a great trade
All the best,
John
Hold on to your BTGWe are about to break through the last line of resistance for btg as we see a bearish fan being broken to the upside - once we can get above the median (solid black like) and start dabbling the channels above this line - it will be confirmed that the bearish near-term view for BTG will be shattered and the bull market is back on - important to note that this is contingent on bitcoin holding steady around the 20k levels because we have seen that the entire alt coin market remains highly correlated t o the bitcoin price action - also note that this is still an infant market and anything could happen so do not take on more risk than you can afford to lose
Perfect Cup and HandleBTG already consolidating with EMA 50 and EMA 150 ;) Ready for the ride. Yeah, it can be the same ride as BCH.
BCH More Favourable Than BTGSince Bitcoin Gold's minting it has been highly correlated to Bitcoin cash. I favour holding bch over btg for a couple reasons.
The likelihood of bch being added to coinbase.
BTG's most recent peak is a third most high, whereas BCH's most recent peak is the second highest peak. BTG is still consolidating while BCH is breaking out.
Bitcoin gold reverse head and shoulderspossibly reverse head and shoulders
target around 500
also BTG was listed today at coinone exchange
happy trading
Bitcoin Gold Buy OpportunityThe price bounces from the support zone. This zone is formed by the uptrend line, SMA100 and it can be a good starting point for a new upward movement. RSI confirms price reversal. MACD gives bullish signal. DMI allows opening long trades. Pending orders for buy can be placed at 290.00 level with stop at 257.00 level. Profit targets are 335.00 and 380.00 resistance levels. The part of trade volume can be left for long run.
BTG:USD - Buying opportunity at the end of an correctionSimilar as the linked related chart, but with an adjusted E wave projection. It looks like this aligns with the Dec 17 CME futures launch.
Bitcoingold up and downBitcoingold raising than going down than up, will repeat , in chart there is target and buy points . have fun :)
BTG/USD TRADE SETUP LONGIt doesnt get more simple than this, wether you like Bitcoin Gold or not, this trade setup is golden, especially in this current market.
Entry: $276
Target 1; $411, 49% Profit
Target 2; $471, 71% Profit
Bitcoin Gold - How to Trade BTGThis is the advanced triangle breakout strategy. The symmetrical triangle patterns are characterized by both rising support trend line and a falling resistance trend line .The future direction of the breakout can only be determined after the break has occurred. If price breaks the downtrend line, that we have a possible long opportunity. If price breaks uptrend line, we'll have a sell signal.
Bitcoin Gold Trading OpportunityThe price is going to bounce from the uptrend line and breaks the downtrend line. Probably we'll see further downward movement 240.00-255.00 levels. If the price breaks the 1st Resistance level, probably we'll see upward movement to 318.00 level. If the market drops below 240.00 support level, the next reversal zone will be at ~210.00 level. Profit targets are 310.00 and 360.00 and 400.00 levels.
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A Golden Monster Trade? | Master BTG ThreadPreviousLy I posted a BTG consolidation thread, that idea is still relevant but is very short term.
Overall, here is my master thread where we are looking for a huge impulse wave to the upside. There are two approaches here. Either look for a bottom buy at $276.47 or fetch the breakout at $477.59.
Take some time to familiarize with my trading approach:
forextradingstrategies4u.com
As always, I'll update this ideas with both long and short trades.
Cheers and GLWT!
-Erik
BTG Adam & Eve reversal - Fibb retracements & uptrending channelHello TradingView! Today we're looking at Bitcoin Gold - one of the coins I intend to hold longterm, for the reason of preventable ASIC mining & high trade volume, Bitcoing Gold could currently be seen as one of the better options for entry level crypto miners.
More importantly however, we're currently taking a look at a short-term investment opportunity on Bitcoin Gold, as I have noticed Adam & Eve reversal indicator which has triggered my analysis of BTG, which I have marked with purple freehand 'U V' lines @ the charts bottom (In the Red zone Fibonacci).
Notice also our sky blue trend line - which is critical to this forecast. When support was initially lost @ $240 for BTG we see the Adam & Eve quick smart, and immediately returns to it's uptrend channel. (Which I have left off for the sake of keeping this chart tidy & easy reading).
Take note of first Resistance level which we see around $260, once broken is our first 'buy indicator' of the BTG bull run. (I am already invested & bought in at approximately $245 at the most recent dip. Buying before a 'potential' breakout is indeed a risk (As it leaves plenty of room for retracement) but as I stated above I am looking to hold BTG long-term & would not be to hard pressed to be holding this investment a little longer than expected.
From here we're looking for our first target, $300USD in which I would drop approximately 30% of my holdings to ensure that I am able to profit or at the very leastbreak even on my investment. From here, a tight stop loss to your order is strongly recommended.
As for target two I'd be looking to lose another 30% JUST before the $320USD resistance for the sake of beating competition to the punch.
Target 3 I won't be listing a limit sell, due of the possibility of a breakout.