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Bitcoingold

BTC following the GOLD patternBTC following the Gold pattern, but it actually makes sense. 1. Test of the mean. 2. The retest to see if it can hold the mean. 3. Price stalls before it gets too bearish, participants weary of a bear market. 4. The test of the mean from below, which holds, followed by the tests of the upper bands to push the market into a bullish sentiment. It's looking successful short term, prices are driven higher. The first sign of weakness is the breach, with candle close, of the upper middle band on the 12th July 2019 for BTC and around 10th August 1987 for Gold. 5. BTC/Gold fails to hold the upper lowest band (1.25 multiplier), price falls to the mean, trades under the mean, trades above the mean in a narrow range, fails to do anything significant at all, dumps.
BITSTAMP:BTCUSDShort
by prtshydv
GOLD to BTC: "Don't miss this bull, we're just getting started!"Comparing Bitcoin to Gold?? That can't give you any meaningful trade indication can it? Well first of all look at the perfect buy signal it gave back in December, which I posted in February, on that +33.50% bounce from the low. Right when everyone was wondering where the bottom was, "Should I buy?", "Is this going to $1000?", "Buying on a bear market, that's crazy!": Now that I've got your attention let's see where we are at today. We've talked about the Golden Cross before. I even compared the Bitcoin's 2015 Golden Cross with the one that just took place: It is obvious that Bitcoin is trading on an important crossroad with various conflicting short term (because long term it is as good of an investment as any) signals. What is also obvious though, is that if Bitcoin continues to follow Gold's early 2000s price action, and more particularly its Golden Cross, then it will continue to aggressively rise towards new All Time Highs without any last pull back as it did in 2015. How likely that is to happen? Based on BTCUSD's historic volatility and parabolic growth curve, less likely. Various models and indicators that have worked so far in the past (like the one shown below) will be rendered useless in that scenario: ** Two important elements to point out here, as I did mention on the previous BTC - Gold comparison: 1. the different time frames (BTC on 1D/ Gold on 1W). This shouldn't affect the conclusions derived as Bitcoin's life span is far shorter than Gold which has been used as a store of value for centuries. Moreover Bitcoin has been moving at a much faster pace since its invention, so the market psychology, dynamics etc have adapted to a much shorter time frame. 2. Gold strong lift-off was backed by the launch of its ETF in 2003. We may not be far away from a similar situation on Bitcoin . What I want to highlight though with this comparison is the importance to view Bitcoin as a long term investment . To buy when the demand pressure is clear, accumulate, scale and hold for the long term. The time will and has worked so far in favor of BTC just like it has done with Gold. Like Gold, Bitcoin (which is commonly referred to as the Digital Gold) displays similar market bias and the trading psychology is strongly linked. As we emphatically saw the +33.50% bounce buy signal was already confirmed so the behavioral pattern of Bitcoin's 2018/2019 cycle so far is quite similar to Gold's 80s/ 90s cycle. Gold gave investors many similar buy signals throughout 1999 - 2003 at the end of its last bear cycle, just as Bitcoin is giving since last December. Investors who ignored those and failed to buy Gold during the late 90s have missed a great opportunity, which has never come back. Investor psychology during market cycle's can be identical throughout very different financial assets. Are you willing to be like those investors who bypassed a once in a lifetime opportunity on Gold? Do you think Bitcoin will follow Gold's example? Let me know on the comments section! Complementary material:
BITSTAMP:BTCUSD
by TradingShot
95
Bitcoin Gold Moves As Expected (Altcoins Market)Bitcoin Gold (BTGBTC) is moving just as we expected and is already generating good profits for all of us. Breaking above EMA10, it is printing the highest volume bar since April 2018; so the biggest volume in an entire year. We are expecting additional bullish action from this altcoin. You can see the trade I shared here for additional targets (enjoy the profits): I sent a message about the upcoming retrace for the altcoins and clearly mentioned to use this retrace as an opportunity to rebuy and reload, I say this often, so all of our trades remain active and generating massive profits. Many had a strong wave and are now back within buy-in range to generate additional gains. These altcoins, all major medium-sized and small market cap. altcoins, will not go lower instead they will consolidate and continue with their growth after it. Many new opportunities will be developing all of the time. So make sure to remain active and positive, since we are looking at only the beginning. Feel free to hit like if you want to see more trades and analyses. Thanks a lot for the continued support. Namaste.
B
by AlanSantana
Bitcoin Gold Double Bottom (BTGBTC)(50%)An easy chart to read above... How are you doing today? Let's get started with this quick analysis: BTGBTC Drew a double bottom pattern, blue circles. This is a strong bullish pattern. Bullish MACD and RSI. Trading above EMA100 after a high volume breakout. Plenty of room available for growth. I am sharing our trade here as well... I hope you enjoy it. Remember to always diversify. Trade: Bitcoin Gold vs Bitcoin (BTGBTC) BUY: 0.00303 – 0.00353 TARGETS: (1) 0.00380 (2) 0.00420 (3) 0.00460 (4) 0.00531 STOP: Close weekly candle below 0.00260. Thanks a lot for reading and continued support. Feel free to hit like. Namaste.
BLong
by AlanSantana
9
There is a trading opportunity to buy in BTGETHTechnical analysis: . BitcoinGold/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.079700 to 0.068100). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.079700) Ending of entry zone (0.068100) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.090000 TP2= @ 0.105960 TP3= @ 0.121340 TP4= @ 0.135070 TP5= @ 0.149380 TP6= @ 0.173670 TP7= @ 0.240830 TP8= @ 0.380120 TP9= @ 0.599320 TP10= Free
BLong
by ForecastCity
2
There is a possibility for the beginning of an uptrend in BTGETHTechnical analysis: . BitcoinGold/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue. . The RSI is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.089900 to 0.078500). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.089900) Ending of entry zone (0.078500) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.105960 TP2= @ 0.121340 TP3= @ 0.135070 TP4= @ 0.149380 TP5= @ 0.173670 TP6= @ 0.240830 TP7= @ 0.380120 TP8= @ 0.599320 TP9= Free
BLong
by ForecastCity
There is a possibility for the beginning of an uptrend in PPCBTCTechnical analysis: . PEERCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 51. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00016500 to 0.00013250). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00016500) Ending of entry zone (0.00013250) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00019800 TP2= @ 0.00021500 TP3= @ 0.00025500 TP4= @ 0.00031580 TP5= @ 0.00049700 TP6= @ 0.00051700 TP7= @ 0.00060700 TP8= @ 0.00073500 TP9= @ 0.00089900 TP10= Free
BLong
by ForecastCity
The remarkable resemblance of Bitcoin and Gold.Bitcoin has been referred to as the "Digital Gold", mostly due to its store of value. This inter-asset study shows the historical performance of Bitcoin and an asset linked closely with, Gold. It is obvious that they display remarkable similarities. Of course the time frames are different but how couldn't they be, since Bitcoin is a fairly recent asset while Gold has been "widely used throughout the world as money, for efficient indirect exchange (versus barter), and to store wealth in hoards". Fundamentally, Bitcoin can be a disruptor to Gold. Gold's power is derived by its scarcity and Bitcoin's fixed supply is at least an equivalent quality. Despite the time frame variation, the comparison provides some useful information. During those time frames they both consolidated after a strong bullish run which was followed by a stronger hyperbolic bull sequence. Credible to the price action of their pattern, they are now on a sell channel that (based on the historic sequence) should give rise to another bull run. What are your thoughts on the identical historical performance of Bitcoin and Gold? Can it be a guide for the future, a hint of BTC's stability as store of value? Guide for the future. Hint for stability, store of value. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BITSTAMP:BTCUSD
by InvestingScope
27