Bitcoin Gold (BTG) formed big Gartley for upto 2095% huge pumpHi dear friends, hope you are well and welcome to the new trade setup of Bitcoin Gold (BTG)
On a monthly time frame, DCR has formed a big bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Bitcoingolddollar
Another one for BTGUSD I have developed on my last post for BTGUSD
Using these curved trendlines we can justify a support from a prior resistance (middle curved line)
After this point is reached expect a massive breakout of this big structure (both a falling wedge and symmetrical triangle at the same time)
The white line is an assumption of where this indicator will go once the breakout occurs
Bitcoin Gold Very Long Mean IncreasePracticing the fib time zones, let me know.
Possible peak spiral price of 14500 at peak of a bubble
(1/1) Gann line is the mean price line increase for BTG over the next few years.
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.
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.
Bitcoin gold at key fib levelBitcoin gold at key fib level of 0, possible drop lower before movement upward initiates.
There is a possibility for the beginning of an uptrend in BTGUSDTechnical analysis:
. BitcoinGold/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
. 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 (27.00 to 22.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (27.00)
Ending of entry zone (22.00)
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= @ 39.00
TP2= @ 47.00
TP3= @ 56.00
TP4= @ 68.00
TP5= @ 84.00
TP6= @ 109.28
TP7= @ 146.00
TP8= @ 168.79
TP9= @ 216.75
TP10= @ 264.75
TP11= @ 333.27
TP12= @ 420.31
TP13= Free
There is a possibility for the beginning of an uptrend in BTGUSDTechnical analysis:
. BitcoinGold/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
. 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 (27.00 to 22.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (27.00)
Ending of entry zone (22.00)
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= @ 39.00
TP2= @ 47.00
TP3= @ 56.00
TP4= @ 68.00
TP5= @ 84.00
TP6= @ 109.28
TP7= @ 146.00
TP8= @ 168.79
TP9= @ 216.75
TP10= @ 264.75
TP11= @ 333.27
TP12= @ 420.31
TP13= Free
There is a trading opportunity to buy in BTGUSD Technical analysis:
. BITCOINGOLD/DOLLAR is in a downtrend but 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 RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. We have already opened 10 BUY trade(s) @ 26.145 based on 'a reversal candle (Valley)' entry method at 2018.06.30 in our suggested support zone (27.00 to 22.00).
Beginning of entry zone (27.00)
Ending of entry zone (22.00)
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 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= @ 39.00
TP2= @ 47.00
TP3= @ 68.00
TP4= @ 84.00
TP5= @ 146.00
TP6= @ 196.00
TP7= @ 250.00
TP8= @ 380.00
TP9= @ 478.00
TP10= Free
There is a trading opportunity to buy in BTGUSD Technical analysis:
. BITCOINGOLD/DOLLAR is in a downtrend but 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 RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. We have already opened 10 BUY trade(s) @ 26.145 based on 'a reversal candle (Valley)' entry method at 2018.06.30 in our suggested support zone (27.00 to 22.00).
Beginning of entry zone (27.00)
Ending of entry zone (22.00)
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 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= @ 39.00
TP2= @ 47.00
TP3= @ 68.00
TP4= @ 84.00
TP5= @ 146.00
TP6= @ 196.00
TP7= @ 250.00
TP8= @ 380.00
TP9= @ 478.00
TP10= Free
A long-term Trading Opportunity To Buy in BitcoinGold ...Technical analysis:
. BITCOINGOLD/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Trading suggestion:
Price is in the support zone (55 to 38), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (55)
. Ending of entry zone (38)
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 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= @ 84
TP2= @ 118
TP3= @ 142
TP4= @ 170
TP5= @ 200
TP6= @ 335
TP7= @ 420
TP8= @ 476
TP9= Free
