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
Btgbtc
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.
A Golden Consolidation?After performing a corrective bullish run from $150ish to $420, I'm looking for $BTG to consolidate and regroup. The data is razor thin since we've only been trading for a month, but here are some levels to watch. If we break the downtrend channel to the upside we will evaluate how to get long.
Breakout is a possibilityIts holding nicely the 0.027-0.028 level, testing previous support level. If BTC corrects, it could be the trigger to a breakout
BTG BTC Bittrex ROCKETSignal long
#BITTREX
Coin BTG
Buy zone 0.0285 - 0.0289
Sell
Target 1 = 0.03154657 (10%)
Target 2 = 0.03439652 (20%)
Target 3 = 0.04002737 (40%)
Enjoy
BTG Just Waiting to Pop...... or Drop? Call it in the air. BITFINEX:BTGBTC Completed a perfected TD Buy Countdown above support. Looks ready to roll. I'd start some positions at these levels. $BTG
BTG SHORT to 0.38 then LONGSwinging in the uptrend channel.
MACD crossed to downwards. Now SHORT to thrend line dip until MACD crosses upwards. Then LONG.
This is not a financial advice.
Trade at your own risk.
Bearish symmetrical triangle BTGBTCThe support line is being approached and the symmetrical triangle is forming.
I will wait for an RSI confirmation - reaching the overbought level to sell short.
BTG may have found bottom$338 has mild support could be a good entry point. It's only bounced off the 0.618 level a couple times meaning mild testing. Watch btg closely, could reach ATHs ny the end of the week
Bitcoin Gold stuck at trendlineFollow up to a previous post...
Outlined these trendlines earlier and suggested the price was moving to the upper trendline. This trendline is now bit of a resistance level. I'm not selling right now, a break through this trendline will be exciting. No price target atm, not appropriate to draw fib retracements right now.
BTGBTC Bullish Pennant Pattern with possible uptrend BTGBTC Bullish Pennant Pattern with possible uptrend. This chart is dependent on BTC.
BTGBTCBTG perform nice bullish run from our previous analysis,
rightnow it perfrom new ascending triangle pattern with pole (flag type).
if this pattern break up, we can set 44% profit target at 4746 with maximum target at 5583.
However, if this coin drop, buyback at 1637
Good luck
A Golden Monster Trade?Currently price is trading at the edge of a major classic fibo support. If we can stay above this level ($157) it could trigger a bullish rally taking out resistance levels along the way. AB=CD harmonic pattern suggests trading is to be expected above $577 within the next 19 days. Thus, MIN TP can be set at the $677 fibo extension, and its possible to look higher for a MID TP of $888 and a MAX TP of $1000 down the road a little. Additional bullish confirmation can be sought from an RSI value over 50 and a breach of the EMA 25 on the 4HR.
Alternatively, if we breach the major classic fibo support zone, we have strong support at the max consolidation range around $100.
Cheers and GLWT!
-Erik
#Hypeoftheweekend! Make a quick buck on Gold.Let's start of with the fact that I think Bitcoin Gold is a shitcoin with no future.
However, I am here to make money and that's what I am looking to do with the hype of the weekend, which I believe will be Bitcoin Gold (BTG).
Fundamental
Bitcoin is correcting and people have cashed out large profits. Many of those will be looking to speculate to make more. "I made money on BTC, why not invest in another much cheaper Bitcoin and see if I can make even more money" is something I think will be going through some heads.
We are seeing money flowing into Bitcoin Cash today, partly because of this I believe but Cash actually has a fighting chance against Bitcoin and I believe it will increase more. That's another story though . This one is about Bitcoin Gold, and I have no hope for it long term.
This is pure speculation on my side obviously, but that's how we make money and I believe Bitcoin Cash will be a good bet over the weekend as we are leading up to the launch.
12th November is the date that Bitcoin Cash will launch and coins can start flowing. bitcoingold.org
Most likely we will get hype up until launch and top out a little bit after the coins start flowing and exchanges start opening up trading. From there it will be straight downhill.
We have already begun to see some price increase today, and it may go higher then my target at 375 USD, but I feel like that's a safe place to sell out for almost an 100% gain.
Technical
New market, there aint that much to go on.
I have added a ghost feed to project around what I think the chart will do.
This is with no doubt a risky move, but putting stop loss below 150 USD or trendline will provide a great risk to reward ratio!
Numbers
Buy: 195 USD
Sell: 375 USD
Stop Loss: 150 USD or below trendline.
Bitcoin Gold - My game planSame thing is BCH I presume. Sell early before the crowds flood the market, then pick them up again for cheap after a period of accumulation. Rinse, repeat.
