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BTGUSD

BTGUSD Buy this dip for rally back to highsBTGUSD BTG took over from BCH at around 11pm est - as BCH topped out BTG took on the baton and ran higher and higer for the next 5 hours as BCH headed back south. The patterns are similar on both charts, both tracking within a series of parallels, a sell off the top pair and and a buy off the lower pair. It's ahving a problem at 305 and looks like it has to unwind a little more before it can go again, ideally dipping back into the lower 2 parallels where it can be bought again ahead of a possible good weekend rally in prospect. Alternatively, buy on a break above the dynamic resistance line off the highs on a successful retest for rally back to highs BTG stays good overall whilst it holds the parallels and should continue to be bought on dips until we see the lowest parallel broken.
BLong
by sumastardon
1
BTGUSD: raise stops here/trail under dynamicBTGUSD After losing the dynamic support yesterday BTG fell away to probe structure to its left and leaving pin bars of buying intent at 240 but never quite struck the support at 235 before bouncing away again - creating a new dynamic support line under the day's lows, like yesterday. Still grinding higher but meeting quite heavy selling and now pin bars of resistance from 290 . Still a good strategy to run a trailing stop under the dynamic and maybe stick a limit order between 294-299, looking to buy back at 282.
BLong
by sumastardon
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. Don't forget to subscribe for regular updates. Thank you!
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by Crypto_Talk
BTGUSD Grinding higher and still looking goodBTGUSD Update BTG never made it to 188 entry point, which was calculated by it hitting the long term rising support at the bottom of the chart - unfortunately 1 day earlier than it did - close but no cigar. If you got the eventual low at 190 bang on by watching and waiting that extra day you have been well rewarded for that patience with BTG up 45% in 36 hours since then. Right now there's a battle raging between bears hitting down hard from 278-275 with a series of pins forming from above, and yet from below the bulls are meeting all sales and absorbing them ...pulling assistance from the strong speed line that 's supporting the move from the secondary low at 200. This still looks good whilst that support line holds (stops for longs under here, moving up under price) Likely to keep grinding higher - stay with it or pick some up...should reach 340-344 fairly soon where look to take profits again if touched.
BLong
by sumastardon
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
BLong
by Trader6127
15
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.
BLong
by retravision
4
BTGUSD: Trading strategies BTGUSD Trading Strategies Still unloved and unwanted. Big rejection spikes/pins and more just recently...this should hit 216 soon, still another 12 points to lose here with just 4 points of upside risk with a stop at 231- put a buy order in at 217 with a stop 3 points lower and a sell order in at same time at 233 for 16 win and 3 risk...better odds still. BTG must hold up at 216 at all costs tonight. Any failure here would tip it back into bear territory and trigger a short trade: it will likely fall away to 188 -186 at least - and then if this range fails back to 151 where we look to buy again with stops 2 points lower. If you see it hold up well off 188 can buy there with stop at 186 ready to reverse back to 150 if the stop is struck.
BShort
by sumastardon
3