Bitcoin Gold (BTG): A Breakout Needed for Both MACD & Price
SUMMARY
Back on March 19th, the below chart was posted with a $59 low target. The subwaves of the red c of Z is at same level but extending the sideways movement. Meanwhile, MACD remains well within a narrowing channel.
The Elliott Wave have been updated and the price is within the blue symmetrical wedge pattern and seems to be stuck with little to no mobility. Such close proximity to the apex is not sustainable for both price and MACD. Do you think price & macd will breakup or breakdown? Given the positive divergence betweent he two, does the subsequent price outcome lean towards bullish or bearish type?
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Let's see what happens... this correction is becoming a battle
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Ok thank you for the information @haegin
Please help me grow upvote my post
Wow nice post
Great post. A break out is defo needed. I don't think it will be long until the bull market will start. But to be honest everywhere is bare at the moment
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Great post, very nice. Good information.