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BTG/USD
Bitcoin Gold (BTG) is a hardfork of the cryptocurrency Bitcoin. The fork occurred in late October 2017, on block 491407. The purpose of the fork is to create an ASIC resistant Bitcoin, by reusing Equihash proof-of-work algorithm from Zcash. The token debuted at №5 on Coinmarketcap.
This instrument is available for trading on the platform R trader. You can start trading with as few as 10 USD on your trading account.
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Bitcoin Gold, is not so popular and hence the price has remained below the $20, when the sellers thought they were having a good time by taking price to 11.20 dollars at today's starting, the bulls got them disappointed with a rush that moved price to 13.3, however the bulls are still maintaining price above the 50 moving average, how long they can keep this cannot b predictable, but we stand to see more action above this moving average.
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BTG-USD after a bearish trend finds a way to bullish at point 9.62 break upper side and make high 12.67 the first resistance level of BTG-USD move back to 10.66 in a same 4 hourly candle after this shock wave BTG-USD moving in very tight range between 11.26 and 10.14,batter wait for a breakout ..
Resistance level #12.67
Support level # 10.14 / 9.24
Possible Direction (Sideways )
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The current price is 10.38 USD in the BTG-USD trading instrument. The price is in the neutral zone and the directional movement of the rate is absent, as of today. The long-term trend is bearish, look at the 800-hours long simple moving average curve in the attached chart. The 4-hours stochastic indicator (5,3,3) is not certain.
Essential support levels are at $9.3 and $8.4. Try to put buy limit orders at them.
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BTG-USD price 10.41 now moving in very sideways direction.in this week BTG-USD moves in neutral direction, weekly high 16.68 after this bullish move price rejected back to 10.41,For getting a good trade on BTG-USD need to wait for a clear break out 10.14 is support level .
Resistance level #12.67
Support level # 10.14 / 9.24
Possible Direction (Sideways )
Screenshot_1.jpg
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