BTG GOBTG has reached heavy support and has one option - UP. Main factors:
Strong resistance on the top of the tunnel (previous one)
Bitcoin 4 day bullish run is at the end
Segwitx2 waiting is over today or tomorrow
Initial Sell OFF is done
Big focus - the public is still interested in the coin as it comes from hard fork split with Bitcoin
Purchase area - 150-170 $
Stop loss 140 $
Target 1 290$
Target 2 490$
BTGUSD
BTGUSD short chart viewBitcoin gold short chart view is showing us some support below, but not a strong one as this is new coin with lots of bears inside who wants to sell and move to BTC or other coins. If we move again to resistance - yellow mark, I would be seller here and wait again for a pull back. Expect some wild runs on this one as we need to get clear picture where this is going. Have your fingers on trigger and don't get carried away with huge pump&dumps.
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 $100.
Cheers and GLWT!
-Erik
BTG to continue its uptrend?BTG did today a +50% from 160 to 260 US$. For the moment we observe a correction but the potential is enormous, if we remember that 10 days ago it reached 480 USD.
Will it continue its road to to the top?
I think that it is important to confirm first that the price :
1) stays between the "Support Line" and the "Resistance Line"
and
2) there is a sort a breakout over the blue line.
If these 2 conditions are met, it is probable that we will have an uptrend. If not, we must wait for some time.
By the way, for the moment RSI and Aroon seem to show a reversal to an uptrend.
New Hope Appears for BTG - Time to BuyThe whole BTG fork, annoucnement and hype sucked a lot of people into it. If you are one of the people who bought it at $100 and sold at $400 peak good for you.
If you got stuck into it at the peak and hoping it goes up again so you can break even at least, you are with me in this position.
My story with BTG is funny. When it was trading at $400, it had a few flash crashes to $280-$300. So I was pinned to my desk with a limit buy order at $310 so I can dump quickly and make an instant 30% $$$. We had party that night and after 30 minutes of being in front of the computer, a friend came in and I had to go get him from the lobby of our apartment.
Long story short, more guests came and I totally forgot to cancel my limit order. The next morning, I opened up my laptop to check the prices and I noticed that I have BTG in my Bitfinex! Strange! then I remembered that I forgot to cancel the limit order. But it was too late late, BTG was trading below $300 and then I got and didn't want to cut the losses so I waited for it to go up again and look where it is now and I lost 50% of my money in BTG.
Now I see three signals for BTG to become bullish again. The price stablizes between 200 and 170 for the past 3 days.
The slope of Volume Flow Indicator is positive and trend line is moving toward 0 and becoming positive.
And Weis Wave Volume chart shows three picks of green bars showing more buys than sells.
Buy BTG, Go long
#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.
BTG Elliot Wave potential61.8 is around 218. Currently is trending below. Good prices. If wave one is fully retraced possible downtrend could start set your stops. Potential for wave 3 is 600 around the 161.8. Also I have seen other ideas recognizing the inverse head and shoulders pattern which would indicate reversal of the previous bearish pattern and the bottom . Confirmation of the the reversal would be around 277 or so breaking the neckline.
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.
bitcoinGold wallet launch on sunday mindmap this is an update on the evolving considerations of bitcoin chart:
www.tradingview.com
Could BCH have benefitted from the upcoming BTG hardfork?The Hardfork for Bitcoin Gold is set for Nov 12, the corresponding decrease in the Fiat price of BTC shows that there are some that might have benefitted from the cancellation of Segwit2x and decided to ride momentum resulting from "Hardfork Hangover" Alas, here we are again. And the debate about wether the other Bitcoin version(s) diminishes the value of Bitcoin itself continues....
Reached the bot going to top My advice is buy, but that counts for the most alts.
WTC and BTG will have the most impact for short