Bitcoin Gold - Breakout?Buying op with low risk (high risk/reward)
Maybe GPU mining bitcoin isn't such a dumb idea after all. It ensures a decentralized environment unlike current mining cartels in the BTC. They could also update the code for faster transactions if i'm not misstaken.
" The Bitcoin gold team is currently working on upgrading and optimizing the blockchain network to speed up transactions for all our users please stay tuned for updates and more news. "
BTG
BCH More Favourable Than BTGSince BitcoinGold's minting it has been highly correlated to Bitcoin cash. I favour holding bch over btg for a couple reasons.
The likelihood of bch being added to coinbase.
BTG's most recent peak is a third most high, whereas BCH's most recent peak is the second highest peak. BTG is still consolidating while BCH is breaking out.
BCH More Favourable Than BTGSince Bitcoin Gold's minting it has been highly correlated to Bitcoin cash. I favour holding bch over btg for a couple reasons.
The likelihood of bch being added to coinbase.
BTG's most recent peak is a third most high, whereas BCH's most recent peak is the second highest peak. BTG is still consolidating while BCH is breaking out.
BTG buy long opportunityEverything on the chart. Hope it goes as splanned. Ofc wave E not fineshed et.
BTG opportunity !?Chart speaks for itself !
*Trade at your own risk ! This is not financial advice !
BTG:USD - Buying opportunity at the end of an correctionSimilar as the linked related chart, but with an adjusted E wave projection. It looks like this aligns with the Dec 17 CME futures launch.
Bitcoingold up and downBitcoingold raising than going down than up, will repeat , in chart there is target and buy points . have fun :)
BTG/USD TRADE SETUP LONGIt doesnt get more simple than this, wether you like Bitcoin Gold or not, this trade setup is golden, especially in this current market.
Entry: $276
Target 1; $411, 49% Profit
Target 2; $471, 71% Profit
Bitcoin Gold - How to Trade BTGThis is the advanced triangle breakout strategy. The symmetrical triangle patterns are characterized by both rising support trend line and a falling resistance trend line .The future direction of the breakout can only be determined after the break has occurred. If price breaks the downtrend line, that we have a possible long opportunity. If price breaks uptrend line, we'll have a sell signal.
BTG a good buy.!The newly fork BTG is the only bitcoin fork having a unique feature of being mine by GPU.
As they wanted to make this coin used by major people participation.
And this means BTG has a potential of being used by mass number of people creating a utility of this coin.
Price is currently running above trend line being a good time buy.
Bitcoin Gold Trading OpportunityThe price is going to bounce from the uptrend line and breaks the downtrend line. Probably we'll see further downward movement 240.00-255.00 levels. If the price breaks the 1st Resistance level, probably we'll see upward movement to 318.00 level. If the market drops below 240.00 support level, the next reversal zone will be at ~210.00 level. Profit targets are 310.00 and 360.00 and 400.00 levels.
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A Golden Monster Trade? | Master BTG ThreadPreviousLy I posted a BTG consolidation thread, that idea is still relevant but is very short term.
Overall, here is my master thread where we are looking for a huge impulse wave to the upside. There are two approaches here. Either look for a bottom buy at $276.47 or fetch the breakout at $477.59.
Take some time to familiarize with my trading approach:
forextradingstrategies4u.com
As always, I'll update this ideas with both long and short trades.
Cheers and GLWT!
-Erik
BTG Adam & Eve reversal - Fibb retracements & uptrending channelHello TradingView! Today we're looking at Bitcoin Gold - one of the coins I intend to hold longterm, for the reason of preventable ASIC mining & high trade volume, Bitcoing Gold could currently be seen as one of the better options for entry level crypto miners.
More importantly however, we're currently taking a look at a short-term investment opportunity on Bitcoin Gold, as I have noticed Adam & Eve reversal indicator which has triggered my analysis of BTG, which I have marked with purple freehand 'U V' lines @ the charts bottom (In the Red zone Fibonacci).
Notice also our sky blue trend line - which is critical to this forecast. When support was initially lost @ $240 for BTG we see the Adam & Eve quick smart, and immediately returns to it's uptrend channel. (Which I have left off for the sake of keeping this chart tidy & easy reading).
Take note of first Resistance level which we see around $260, once broken is our first 'buy indicator' of the BTG bull run. (I am already invested & bought in at approximately $245 at the most recent dip. Buying before a 'potential' breakout is indeed a risk (As it leaves plenty of room for retracement) but as I stated above I am looking to hold BTG long-term & would not be to hard pressed to be holding this investment a little longer than expected.
From here we're looking for our first target, $300USD in which I would drop approximately 30% of my holdings to ensure that I am able to profit or at the very leastbreak even on my investment. From here, a tight stop loss to your order is strongly recommended.
As for target two I'd be looking to lose another 30% JUST before the $320USD resistance for the sake of beating competition to the punch.
Target 3 I won't be listing a limit sell, due of the possibility of a breakout.
BitcoinGold Done with its downtrend ?Wow my first analysis so excited.
BTG holding it self in First support in its a good area for accumulation.
Please manage your risk before getting into trades.
After expected breakout is done you have 4 TP areas feel free to take your profit in every areas.
StopLoss is If it breaks its support line.
Profit/Loss : %374/%30
BITCOIN GOLD - 230% PROFIT POTENTIAL. Bitcoingold has been on a downward slope over the past weeks despite it's relative, Bitcoin, moving parabolically. I do expect the coin to have its time and I think we are approaching closer to it going through the roof. There is a very high chance the price will go much higher than it currently is now.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
Long position for BTG/BTCWow my first analysis so excited.
BTG holding it self in First support in its a good area for accumulation.
Please manage your risk before getting into trades.
After expected breakout is done you have 4 TP areas feel free to take your profit in every areas.
StopLoss is If it breaks its support line.
Profit/Loss : %380/%30
