BTGUSD may have run its course and change in direction posible. BTGUSD needs another day to close under resistance before selling to meet rising trend-line.
Bitcoingold
BTGUSD bitcoin gold long ideaI ended up with a few BTG coins after the split and I'm pretty happy now that I didn't sell them straight away. Here's a 2 hour chart long outlook. I would expect some kind of correction here and then a bullish move higher to the $600 range. After that we'll see I guess. You could always sell here and wait for the correction to get a better position but I'm usually a holder through this midway point as it doesn't make that much of a difference If you go market pricing (unless you set sell and buy orders for the price you want.) I'm comfortable holding here and selling at the top.
BTG Next leg up or sharp correction?We are currently at a crucial point in BTG. The correction from the $477 high may have completed at $150 or we are seeing a sharp ZIG ZAG correction unfolding that should terminate at the $420 zone and head back down.
Pushing to a new high would of course void this outlook and we can consider higher prices to come as we head into Primary 3
BTG/USD (Bitcoin Gold) | Buy Limit $118.05 (Target $950.00)Signal:
Buy Limit - $118.05
Take Profit - $950.00
BTG/USD - Two possible scenarios in the next few daysGreen.: Start to draw a Head and Soulders pattern (top of the head.: 300-320$)
Red.: It's go down, back to the 160-170$
Bitcoin Gold stuck at trendlineFollow up to a previous post...
Outlined these trendlines earlier and suggested the price was moving to the upper trendline. This trendline is now bit of a resistance level. I'm not selling right now, a break through this trendline will be exciting. No price target atm, not appropriate to draw fib retracements right now.
BTGUSD short chart viewBitcoin gold short chart view is showing us some support below, but not a strong one as this is new coin with lots of bears inside who wants to sell and move to BTC or other coins. If we move again to resistance - yellow mark, I would be seller here and wait again for a pull back. Expect some wild runs on this one as we need to get clear picture where this is going. Have your fingers on trigger and don't get carried away with huge pump&dumps.
A Golden Monster Trade?Currently price is trading at the edge of a major classic fibo support. If we can stay above this level ($157) it could trigger a bullish rally taking out resistance levels along the way. AB=CD harmonic pattern suggests trading is to be expected above $577 within the next 19 days. Thus, MIN TP can be set at the $677 fibo extension, and its possible to look higher for a MID TP of $888 and a MAX TP of $1000 down the road a little. Additional bullish confirmation can be sought from an RSI value over 50 and a breach of the EMA 25 on the 4HR.
Alternatively, if we breach the major classic fibo support zone, we have strong support at the max consolidation range around $100.
Cheers and GLWT!
-Erik
BTG/USDThe 150$ support is very strong. No doubt, We are going back to test the 180$. - Weekly Target 1.: 200$ Target 2.: 230$
#Hypeoftheweekend! Make a quick buck on Gold.Let's start of with the fact that I think Bitcoin Gold is a shitcoin with no future.
However, I am here to make money and that's what I am looking to do with the hype of the weekend, which I believe will be Bitcoin Gold (BTG).
Fundamental
Bitcoin is correcting and people have cashed out large profits. Many of those will be looking to speculate to make more. "I made money on BTC, why not invest in another much cheaper Bitcoin and see if I can make even more money" is something I think will be going through some heads.
We are seeing money flowing into Bitcoin Cash today, partly because of this I believe but Cash actually has a fighting chance against Bitcoin and I believe it will increase more. That's another story though . This one is about Bitcoin Gold, and I have no hope for it long term.
This is pure speculation on my side obviously, but that's how we make money and I believe Bitcoin Cash will be a good bet over the weekend as we are leading up to the launch.
12th November is the date that Bitcoin Cash will launch and coins can start flowing. bitcoingold.org
Most likely we will get hype up until launch and top out a little bit after the coins start flowing and exchanges start opening up trading. From there it will be straight downhill.
We have already begun to see some price increase today, and it may go higher then my target at 375 USD, but I feel like that's a safe place to sell out for almost an 100% gain.
Technical
New market, there aint that much to go on.
I have added a ghost feed to project around what I think the chart will do.
This is with no doubt a risky move, but putting stop loss below 150 USD or trendline will provide a great risk to reward ratio!
Numbers
Buy: 195 USD
Sell: 375 USD
Stop Loss: 150 USD or below trendline.
GOLDThis asset is undervalued relative to bitcoin - right now buys 0.05 BTC - we see it at $0.10 at least - as we follow the pitchfork over the years, there will b e huge potential for multiple 100% returns on your dying FIAT currency.
BTG, long opportuniy Stop-Loss: 150$
Take-Profit1: 225$
Take-Profit2:300$
Take-Profit3:400$
Good luck folks
BTG Elliot Wave potential61.8 is around 218. Currently is trending below. Good prices. If wave one is fully retraced possible downtrend could start set your stops. Potential for wave 3 is 600 around the 161.8. Also I have seen other ideas recognizing the inverse head and shoulders pattern which would indicate reversal of the previous bearish pattern and the bottom . Confirmation of the the reversal would be around 277 or so breaking the neckline.
Bitcoin Gold - My game planSame thing is BCH I presume. Sell early before the crowds flood the market, then pick them up again for cheap after a period of accumulation. Rinse, repeat.
