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Bitcoingold

BTC big picture playbookDear Patrons, BTC made an incredible bounce from the double bottom back to the 19000 level. I think that its out of juice for now and will retest the bottom support line. If you have the will, you can always short this and set up a tight stop loss and try to ride it down. Good luck trading, currently took profits from my double bottom and this is my next move! Best of luck trading. Some men fall but they can get up, but when a leaf falls, it gets stepped on. Thefallingleaf.
BITSTAMP:BTCUSDShort
by Thefallingleaf
4
Bitcoin Gold / Bitcoin - 240 Binance - Squeeze incoming? Very simple setup forming on BTGBTC, currently respecting short term uptrend as it approaching a level of resistance. As price continues to rise here, we can see Volume decreasing along the way. I will be waiting for a break up or down out of the squeeze point near resistance. For the short option, I will be watching for changes in market structure as we approach resistance, after a clear break in trend a LH formed. Alternatively for the Long I want to see a break (with volume backing it) and retest of the 0.001500 level, before entering long. For risk management on this trade I will be using a max of 1% Risk of account as this coin was lots of large wicks both directions indicating a higher level of risk. If price breaks down early, not up near resistance there will be no trade for me and the Risk-reward wouldn't fit my trade plan (minimum 2:1). ------------------------------------------------------------------------------------------------------------- Day trader, trading primarily crypto currency focusing on BitMex pairs. Want to learn to trade? Come join the best only trading community focusing on technical analysis and mindset! Send me a message on tradingview or discord (Jordan S#2373) Not signed up on BitMex? Use my link and save 10% on fees for 6 months. www.bitmex.com
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by JordanSimmons
Bitcoin Gold Challenges EMA200, Can Do 170%+ MoreBitcoin Gold (BTGBTC) just broke a very strong descending trendline and prices are now trading above EMA200. A strong close today (daily candle) can lead to massive growth. Prices for BTGBTC have been trading above MA200 since the 1st of March. This signal tells us that the bear market is over for this pair and that the bulls are the ones in control. If EMA200 can be conquered today, EMA300 will be hit next. Depending on how this level is handled, BTGBTC will move to hit 170%+. Enjoying the 100% free, high quality and highly profitable trades and content? Feel free to hit LIKE to show your support. Thanks a lot for reading. Namaste.
BLong
by AlanSantana
3
Bitcoin: It's not gonna make it, is it?This quick idea is intended to illustrate what is happening to Bitcoin and how final it is. Let's take a look at the development of the Bitcoin / Gold ratio over the last five years. The thick black line was always the last support. On March 12, 2020, it was broken down massively and very aggressively and became the new long-term resistance. Thereafter, on 20th March, the price still tried to overcome the new resistance and was rejected. From now on it will go down for a very long time and very deeply. A "hodl" strategy makes no sense at all under these circumstances, unless you are willing to wait many years and want to risk losing everything in the end. With regard to Bitcoin's long-term prospects, it is particularly important to monitor the further course of the thick black line. If, as it looks at the moment, it bends and starts to go down, then the Bitcoin dream is over. The line will bend if the price of Bitcoin remains permanently below it and cannot break out beyond it. Take care & stay healthy!
BNC:BLX
by ReallyMe
7
Bitgold in buy zoneVarious chart patterns have formed on the BTG/USD chart, including a symmetrical triangle that holds a falling wedge within it, VERY bullish. An Eve and Adam pattern (opposite of adam and eve) Eve bottoms appear rounded while Adams appear straight and sharp (I like to think of Adam and Eves private parts in the Bible to remember) This again is very bullish. A hangman pattern also has formed leading to the first wave up within the symmetrical triangle. Green lines are possible pathing within the wedge and triangle. Looks great.
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by Bixley