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Bitcoingoldbitcoin

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
A trading pattern free marketOften many coins will display little to no trading patterns. This is due to their youth and lack of public adoption. For example bitcoin gold shows a clear bearish trend, however it is lacking the necessary features to identify directional movements. Swings can often be random, pumping at times when big players feel like it is necessary for them. This can spell trouble for holders and buyers alike. Maturation of the market is required for trading patterns to be more easily identified among various coins, and unfortunately this only comes with time. We will see how this 0.93 linear regression downtrend unfolds.
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by Bixley
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. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0124 TP2= @ 0.0150 TP3= @ 0.0180 TP4= @ 0.0230 TP5= @ 0.0260 TP6= @ 0.048 TP7= Free
BLong
by ForecastCity
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. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0124 TP2= @ 0.0150 TP3= @ 0.0180 TP4= @ 0.0230 TP5= @ 0.0260 TP6= @ 0.048 TP7= Free
BLong
by ForecastCity
4
BITCOIN GOLD FALLING WEDGE ?Bitcoin Gold has been following the market trend for the last days and is on retracement from its breakout. So it came to my notice that Bitcoin Gold might be forming a falling wedge reversal pattern which if it follows we should be seeing it bouncing back from the area of support 1 and breakout of the descending triangle after which we should see a breakout to resistance 2 after which we might see a retracement back to resistance 1. If it follows this trend, then this breakout may be the wave 1 of the next 5 Elliot Waves.
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by farhadjafarov7