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SUMMARY
Why is Bitcoin Gold (BTG) going down? It's called a healthy correction. The a,b,c waves are quite apparent. A biger degree of trend look (blue waves) shows how current correction fits into a bigger picture. The wite waves are actually sub waves to blue wave 3.Target of $684 expected.
The Bullish Downward Pointing Symmetrical Triangle is quite bullish and it's a matter of time before price breaks out of the triangle. The blue Elliott Waves show 0.0526 BTC as target.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Could you do an update on ETH and NEO?
Add EOS to the mix!
thanks for information.......
The recent Bitcoin forks have resulted in several money making opportunities for traders and investors alike.
Thank you! Maybe Eth has the same pattern
https://www.tradingview.com/x/p1XYIk61/
Hi Haejin,
Thank you for the analysis, I noticed that you wrote $684 on the title and $864 on the chart. Which one is correct?
Thank you.
Hoping a uptrend takes off.. I’d be nervous without this chart!!
what happens to bitcoin gold ???pls