BTGBTC formed a bullish Crab | Upto 23% expectedPriceline of Bitcoin Gold / Bictoin has formed a bullish Crab pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.000861 to 0.000808
Sell between: 0.000900 to 0.000997
Regards,
Atif Akbar (moon333)
Bitcoingoldbc
There is possibility for the beginning of uptrend in BTGBTCTechnical analysis:
BITCOINGOLD/BITCOIN is in a range bound and beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 54.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is possibility of temporary retracement to suggested support zone (0.0076 to 0.0055), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0076)
Ending of entry zone (0.0055)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
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