BTG Bitcoin Gold - Full retraceNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
In our friendly group, we took a close look at Bitcoin Gold back around August 2018 and hopefully at this point everyone has seen the BTGUSDLONGS chart. I don't want to get into that right now, but feel free to take a look if you'd like. We watched the flat top wedge form and traded the breakout. There was some crazy price action at the top (as you can see by that crazy candle) and we got out.
Now we're sitting at almost a 100% retrace, so the question is... are we done here and finding a good support or are we going to continue more red.
My gut feeling is we're going to fail this support and fall more but it depends on what the price action is doing. What I can see right now is yesterday there was plenty of buying but more selling (causing a long wick on top of the small candle body). Similar candles can be seen in the immediate past (within the last 2 weeks). This does not look good for BTG.
I said I wouldn't get into the BTGUSDLONGS chart but here I go anyway. If that person decides to unload that position, they hold such a large position it will likely crash the price of BTG and fast.
All in all, I would stay away from Bitcoin Gold until it decides what it wants to do.
Trade safely my friends
<3 -CE-
Btgbtc
Daily Bullish Signal $BTG #BTG (28 Jan 2019)BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
BTG-BTC Long Trade PlanBITCOIN GOLD LONG TRADE
Chart is self explanatory I think.
Shorting zone is mentioned along with Stop Loss and TP Price Points.
~ 47% ProfitHi Dears,
Wait until the purchase reaches
Buy the BTG at around 10.8
But remember that nothing in this world is 100%
Good Luck
BTGBTC Trade SetupShort-Mid Term Trade
Accumulate in the given Buy Zone
TPs at the Blue Lines
SL at the red line
Daily Bullish Signal $BTG #BTG BTG/BTC (1 Jan)BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Bitcoin Gold Long Position 28% !!Bitcoin Gold Correction Cames on the Fib Level 0.618 Level then we will do Long Position as well as Given Below-
Buy- 0.004300
Sell- 0.004700 , 0.005500
Stop Loss- 0.003700
Let See , What Will be Next Move.
Share Your Opinion in Comments.
if You Satisfied With My idea Then Dont Forgot To Hit Like.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
BTG Bitcoin GoldOn this chart we see all trade history BTG/USD on Bitfinex. After huge falling movement Bitcoin_Gold is in big flat zone from June 2018. This flat looks like accumulation of positions. We saw double volume squeeze On September, bigger then avarage Volume indicator, but without price changes.
Then we need to look on BTG/USD Long positions amount:
There we see the strong accumulation of Long positions on Bitfinex from 17 August. What is it? Why Long positions did not decrease even where all crypto market was under stresses? Maybe it is the next manipulation by Bitfinex as ETP?
There are many questions which I haven't answer but one thing I know - BTG expects some movement, strong movement..
So, I am considering BTGUSD as good Long position for long-term. It is a risky deal but we may see a huge pump!
Pay attention for this coin, guys and do not forget about risk management.
BTG/BTC - Trade Review and Some Insight Into My Current MindsetI take you through this trade that I took on BTG/BTC yesterday and the result. I also let you in on a little on what I'm thinking as of late about the current muddy market conditions and how I'm adjusting my strategy to best fit.
If you'd like to learn about the methods I use to trade, visit www.tradercobb.com
Peace :)
Bitcoin Gold(confluence of patterns)BTG forming massive inverted Head and shoulder pattern on daily
The interesting thing is 0.618 fib + 5th wave elliot extension + H & S target all coincide at same level.
Buy after the breakout of the neckline at 4836
Potential Completion of Bullish Bat Pattern Looking for a completion of this bullish bat pattern, finishing in the Yellow Box.
You can also see an ascending triangle painting on the chart - a clear break from the lines in green would confirm the continuation of an upward trend.
slight RSI divergence. 60/40 SHORT
Trade with caution!
$BTG / $BTC are we going to break this resistance soon?$BTG / $BTC are we going to break this resistance soon? looking strong on daily chart. keep an eye on this one.
BITCOIN-GOLD Scoring
Overall Score: 77.65%
Open communication channels: 100%
Team strength: 60%
Product strength: 76%
Coin strength: 73%
Brand awareness/Buzz: 80%
Advisory board strength: 25%
Activity on social media: 95%
Quick Research
Purpose: BTG is a Bitcoin fork that is ASIC resistant (to prevent miner centralization), uique address format, and dynamic difficulty adjustment.
Product Status: Fully working product
Consensus Method: Proof of work
Emission rate: Emitted in proportion to amount of network activity
TXN'p/s: 0
Abstract:
Bitcoin Gold is a community-led project to create an experimental hard fork of Bitcoin to a new proof-of-work algorithm. The purpose for doing this is to make Bitcoin mining decentralized again. Satoshi Nakamoto’s idealistic vision of “one CPU one vote” has been superseded by a reality where the manufacture and distribution of mining equipment has become dominated by a very small number of entities, some of whom have engaged in abusive practices against individual miners and the Bitcoin network as a whole. Bitcoin Gold will provide an opportunity for countless new people around the world to participate in the mining process with widely-available consumer hardware that is manufactured and distributed by reputable mainstream corporations. A more decentralized, democratic mining infrastructure is more resilient and more in line with Satoshi’s original vision. Perhaps, if the Bitcoin Gold experiment is judged by the community to be a success, it may one day help build consensus for a proof-of-work hard fork on Bitcoin itself.
Investment data
Listed on 28 exchanges
CoinMarketCap Rank: 30
Market Cap: $553 M
24H Volume: $11 M
Coin Age: 8 months
BTG switching to bearish bias?BTGUSD has slipped below trendline support and has so far failed again on the retest (as per Bitfinex levels.) The 20-day EMA which has been acting as support now looks to be turning to resistance. The key inflection point to watch is 27 – above that level bias should be bullish, below it remains bearish.
When priced in BTC we have a symmetrical triangle which may trigger the next move.
$BTG #BTGBTC Triple Valley Structure - Day Trader ExplainsHello everyone,
BTGBTC looks pretty juicy for a quick trade for me. I just saw that we had a triple valley pattern, its breakout and this breakout is now on a retrace of 61.8% and basically getting ready to make a push.
The triple valley continuation pattern is a bullish pattern, creating three touches on the uptrend line and touching a horizontal resistance while so. The breakout is then after the third valley is completed and a buy opportunity evolves after the break of the horizontal resistance. After the horizontal resistance has now turned into a support, it gets ready for a second push and new market structure.
The trade here would be
BTG/BTC Binance
Buy at 4140
Stagger 1 -> 4100
Stagger 2 -> 4050
Long Term TPs
TP1 -> 4543
TP2 -> 5743
TP3 -> 6546
Stop Loss -> 4025
Cheers TJ
Time has come for BTG(60-300-1400% profit)BTG broke out of 10 months old massing falling wedge and now rising gradually at the top of daily 50,100 EMA,.
it looks well supported here.
The big move will take time but i believe we can see 60 % move to happen within a month or less.
Good opportunity here.
Dont put more than 10% of the capital in this trade.
All the best :)
BTG/USD; 2H; Bitfinex; 24.10. by @SupernovaEliteFormed rising traingle pattern,
there is volume on all rising impulses
inside the traingle. Need breakout
of R-resist. for confirmation,
good time for start of accumulating.
Do not forget about risk management!
BTGUSD/BTGBTC Trading SetupBTG in both USD and BTC market forming the asymmetric triangle pattern.
BTG bullish trend line had been supported for Five times on both BTC and USD market.
This could be a great time to bet for taking profit.
Also, there was an accumulated moment on BTG.
Trading Setup
Green - EP
SkyBlue - TP
Red - SL
BTG fell down from the last support point. BTG fell down from the last support point. The triangle broke and fell. Our new point of support is $ 42.Stop loss point is $ 40 . There is a lower cliff. It may fall by 20 dolars. BTG is in a very difficult situation. If you continue to fall like this, BTG could be a rubbish in 2018 second term.
