BTGUSD
BTGUSD remains in the range of $ 200- $ 400The next (already third) attempt of BTGUSD to grow beyond $ 400 has suffered a fiasco.
Previous down movements stopped by buyers at the turn of $ 200
The slow moving average on the chart is almost horizontal throughout December.
There are all signs of a flat trend.
Trading in a flat trend is very simple: buy from the lower border and sell at the top one.
The only difficulty you can face is the fact that there may be shortages or, conversely, jumps from these lines.
Exit from the range - the day closing outside of it (and preferably two days for reliability)
Recommendation: Buy for $ 200 to sell for $ 400
BTGUSD Full rinse out - ready to go again ahead of weekendBTGUSD Full Rinse Out Ready to go again
Back in the buy zone ahead of weekend- it's been to the lows
at 193 where it was an outstanding buy and may present
another opportunity either from lower down again towards
193 or alternatively once 212 has been regained and holds for
a few minutes. The 191 level must hold up today to avoid
further significant weakness back to 151 (a good
short/reversal level for longs if we see it)
Update on BTG/USD - Target $740HI, this is the update of my previous post. The break-out happened and the best buy-opportunity was at the pullback (my buy was at $298).
POSITION: LONG
STOPLOSS (UPDATED): $285
TARGET (UPDATED): $740
Happy trading!
BGT - Bitcoin Gold - Is it possible???If one believes in cycles, does one believe this is a cycle.
I'm up in the air on this one.
BTGUSD More tradeable downside hereBTGUSD
Still running within the same sets of rising parallels, BTG took 10 days to more than double from its lows. A laggard.
It's still unwinding, making a similar continuation pattern to the one that has just preceeded it...it may try to rally one
more time to 348/9 but once 321 gives way it should fall to 299-289 range, worth shorting. Whilst trapped within the
falling parallels from the highs BTG will remain in a weak technical position. To turn back to bullish from here BTG will
have to break above 352 and hold (not spike higher and fall away) only then will it look safe to follow for move up to 391.
But the chart is saying more downside is likely first.
Golden Cashening Watch BTG BCH BTCTHIS IS NOT TRADING ADVICE
THIS IS NOT INVESTMENT ADVICE
DO YOUR OWN DUE DILIGENCE FOR EVERY TRADE AND INVESTMENT YOU MAKE
I am a holder of bchusd and btgusd I have jettisoned all my btc...
I chuckle when I see the 'camps' of bch (minority) versus btc (majority) versus btg (tumbleweed) holders
Also at day and swing traders and various parties with skin in the game pontificating and waxing lyrical
And waning lyrical!!!
What will be will be...
And whilst I'm not a chartist, the charts to me are telling all...
Forget about the FUD and your greed...
Just look at the 3 month charts...
As per O'Neil, the bchusd and btgusd charts are forming massive cup and handles surely?!?
As such I think we have around 2 weeks before the handle finished forming...
Timed perfectly to coincide with CME futures on btc and other news?!?
Timed perfectly to coincided with btc 20k territory?!?
Let's see
THIS IS NOT TRADING ADVICE
THIS IS NOT INVESTMENT ADVICE
DO YOUR OWN DUE DILIGENCE FOR EVERY TRADE AND INVESTMENT YOU MAKE
CUPS AND HANDLES AS PER O'NEIL AND
stockcharts.com
Cup: “U” shaped CHECK
Cup should usually retrace 1/3 or less of the previous advance (could retrace upto half though) CHECK
Handle: final consolidation/retracement; up to 1/3 of the cup's advance, but usually not more; wait for the break above the cup rim resistance line, with volume
Timing: Our cup took only a few weeks to form, which is a little quick actually; handle is usually 1-4 weeks.
So chill people
Target: measure the distance from the right peak of the cup to the bottom of the cup.
THIS IS NOT TRADING ADVICE
THIS IS NOT INVESTMENT ADVICE
DO YOUR OWN DUE DILIGENCE FOR EVERY TRADE AND INVESTMENT YOU MAKE
THE GOLDEN CASHENINGTHIS IS NOT TRADING ADVICE
THIS IS NOT INVESTMENT ADVICE
DO YOUR OWN DUE DILIGENCE FOR EVERY TRADE AND INVESTMENT YOU MAKE
I am a holder of bchusd 0.15% and btgusd 0.99% I have jettisoned all my btc 0.84% ...
I chuckle when I see the 'camps' of bch (minority) versus btc 0.84% (majority) versus btg 1.57% (tumbleweed) holders
Also at day and swing traders and various parties with skin in the game pontificating and waxing lyrical
And waning lyrical!!!
What will be will be...
And whilst I'm not a chartist, the charts to me are telling all...
Forget about the FUD and your greed...
Just look at the 3 month charts...
As per O'Neil, the bchusd 0.15% and btgusd 0.99% charts are forming massive cup and handles surely?!?
As such I think we have around 2 weeks before the handle finished forming...
Timed perfectly to coincide with CME futures on btc 0.84% and other news?!?
Timed perfectly to coincided with btc 0.84% 20k territory?!?
Let's see
THIS IS NOT TRADING ADVICE
THIS IS NOT INVESTMENT ADVICE
DO YOUR OWN DUE DILIGENCE FOR EVERY TRADE AND INVESTMENT YOU MAKE
CUPS AND HANDLES AS PER O'NEIL AND
stockcharts.com
Cup: “U” shaped CHECK
Cup should usually retrace 1/3 or less of the previous advance (could retrace upto half though) CHECK
Handle: final consolidation/retracement; up to 1/3 of the cup's advance, but usually not more; wait for the break above the cup rim resistance line, with volume
Timing: Our cup took only a few weeks to form, which is a little quick actually; handle is usually 1-4 weeks.
So chill people
Also I will say again looking at deep fa and the chart big picture which many seem not to be able to do... btg looking better!!!
Target: measure the distance from the right peak of the cup to the bottom of the cup.
THIS IS NOT TRADING ADVICE
THIS IS NOT INVESTMENT ADVICE
DO YOUR OWN DUE DILIGENCE FOR EVERY TRADE AND INVESTMENT YOU MAKE
Ps... I vowed not to post again to you transatlantic friends but u just need to chill about the bitcoin battle, it's happening...
P.p.s. doubt I'll post here again so good luck ;-)
John 3:16
Galatians 6:7
Romans 3:4
Laters homies
;-) ;-) ;-)
THIS IS NOT TRADING ADVICE
THIS IS NOT INVESTMENT ADVICE
DO YOUR OWN DUE DILIGENCE FOR EVERY TRADE AND INVESTMENT YOU MAKE
Bitcoin Gold is ready to MOON!!!After struggling from the start, Bitcoin Gold has gained traction and if what we see is the cup and handle pattern, then this golden boy is ready to take its leap to the moon.
Bitcoin Gold vs. Bitcoin, How to tradeHi, I See BTGBTC formed uptrend channel, I expect breaking resistance line and go to 100% Fibonacci, and to resistance of channel.
Have a good trades!
Keep an eye on BTG If you followed my proposition at the end of November 2017 to long BTG when it was at 235 $, you are winning now about 87% of your capital. Now BTG is just under 420 $.
Now everybody is looking for BCH, but I think that it will be soon overbought.
Personally, I keep actually an eye o BTG that has great potential and seems capable to hit again the ancient ATH of 480 $.
So, if BTG breaks the actual barrier of 420 $, it will probably go straight at 480 $. If it breaks that barrier too, I think it can rise up to 650-750 $.
Feel free to post your comments! Any opinion is welcome!
* If you won good money with my help and wish to offer me a beer, you can donate me some BTC or altcoins!
BTC: 1Ety8UbujJSNmVcmgWXRewMkSbWf1sNoHb
BCH: 1Jqx9LRF8zZ6HwuMYB4PH88esePDZxkmUY
ETH: 0xcfb9742471e27b113e4752ce73af937c1c3b6681
LTC: LKFsPTckeJrMA7ojiiHmXHarriacAmGcna
BTG: GNLvMGUcUNzdHPev1gBeLHkYQEPRvHNDuN
SAN: 0xcfb9742471e27b113e4752ce73af937c1c3b6681
;)
BTG cup with handle?Even if I´m not a friend of Bitcoin Gold and I know the opinion of most of crypto-investors, that it could be scam, I watch this coin and think of investing in it with a small sum.
Perhaps it´s negative correlated to BTC and in this case it would be a good opportunity to buy.
What´s your opinion to BTG and to this analysis? Thank you!
BTG .. the pump is commingwait the breakout
suppurtes , resistances , targets all in the chart ..
good luck trading :)
BTGUSD Bitcoin Gold. TriangleSo, generally I saw Bitcoin retracement yesterday and it may be confirmation of correction, but still it's bullish. If Bitcoin doesn't continue it's uptrend and goes flet we may see such movement of BTGUSD, Cycles and Stoch RSI indicators are on lowest point.
Stop-loss as usual at 220$ - 225$. Good Luck !
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. "
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.