Broadening wedge and descending scallop looking for a bullish reversal
In less than 12h frame indicators points strong reversal signals short term long position would not be bad at current level
Bitcoin gold idea I believe the rounded top formed on the BTC pair is a fake and will break-out
BTGUSD has formed a falling wedge This may be the third wave with the wedge however there may be a fourth However it could breakout ya never know
BTG/BTC -Must break trendline resistance at 1160 sats -Must hold above 50D MA -New support is being established at 1060 sats -Upside target is up to 1700 sats -Stoploss below 1059 sats
Falling wedge, included possible pathing within the wedge however this is hard to decipher so i just used a double curved line! TP is $50! IF you check out my last post I explain how ERC-20 tokens have much greater scalbility and will provide much greater returns. But if you are a bitcoin fan, this is for fun!
Bitcoin Gold has formed a descending scallop against the bitcoin pair. Descending scallops have been surprisingly successful in the cryptocurrency market, possible due to the large abundance of the pattern. This is a bullish reversal pattern. Blue box indicates buy zone on EMA line.
Currently sitting near the bottom of the regression trend, a bullish break for this cryptocurrency would be massive, and a 50 PT is appropriate. Included fib extensions for reference, and also a EMA level for a possible breakdown. 0.82 regression uptrend.
BTG/BTC BTG short-term must be over as the price broke the trend-line resistance, if this candle closes bullish there is a chance it will move upward up to 1600 - 1800 sats regions before it will decide to continue higher or come down retest previous swing low.
BTG/BTC BTG has skyrocketed to the moon with over 300% pump on a single candle. It pierced through 200D MA like it was nothing there but found its major resistance area from Jan - July 2019 trading activity. We know when an asset pumps hard it will dump hard too, so be very careful and not to FOMO right now. I have highlighted below two key areas where BTG could...
BTG has formed a symmetrical bowl, the bullish wave is quite sharp.
Bitcoin gold looking to repeat a bullish reversal move in a downtrend, dual hang man wicks can be observed.
DISCLAIMER :- This is not a financial advice. Buy BTGETH right now, Place stop loss at 0.102981 and take profit at 0.122411 or at whichever price you like. :) Remember, always risk 1% of your capital. If you have any questions/doubts, feel free to comment below. Happy Trading. :)
$BTG is showing bullish divergence on daily chart. It's been in accumulation for a while and ready to start new cycle. It's one of the few alts in top 50 with that high PPT. Green - buy. Red - sell. It's not a financial advice. Trade carefully and good luck!
Technical analysis: . BitcoinGold/Ethereum is in a range bound and 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 price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a...
Technical analysis: . BitcoinGold/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue. . The RSI is broken, so the probability of the resumption of...
Technical analysis: . PEERCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 51. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. . The price downtrend in the daily chart...
Technical analysis: . BITCOINGOLD/ETHEREUM 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 70. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.109290 to 0.089890). if so, traders can set orders based on...