Bitcoin Gold breaks symmetric triangle top-side with MC/IB breaksteemCreated with Sketch.

in #bitcoin7 years ago (edited)

So, here we go! Congratulations to all who also caught this ride :-)

Bitcoin Gold has been on a clear upwards trend, since the latest major dip finally bottomed out at 190 USD and the longer term trend line also founded the bottom of a symmetric triangle that has just been broken top-side with a close-high on a Mother Candle / Inside Bar set-up, right underneath the top-side of the triangle:

BTG.png

The close high also happened comfortably above the 300 USD round number, extra confirmation of future direction.

Do not despair if you missed this one as the price is storming towards 400 and taking a position well below that mark, could very well be worth it, if a doubling in the near future is enough for you ;-) As you can see, we have blasted through the 300 USD level and might be confirmed back again by a retracement move back to around 300 USD as the volume so far is not very strong on the latest (and quite tall) candle on the screenshot. If this occurs, it'll mark a new chance for entry, so keep watch on the development from here!

Happy hunting!

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More upside to come for BTG...

Yes! All the ones who nicknamed Bitcoin Cash "Bitcoin Trash" has been utterly shamed out by reality and the same is very likely to happen with Bitcoin Gold.