Bitcoin Gold (BTG) Update: Could the Correction be Complete? Find out in this analysis!
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SUMMARY
Bitcoin Gold (BTG) has likely put in a full and complete a,b,c correction. Notice how price touched and is now bouncing off the blue horizontal line which is the same lien of a prior asecnding right triangle. Many Technical Analysts forget about the horizontal supports and resistances. If the a,b,c is complete, then we can expect an impulse up towards $489 or an All Time New Highs!
BTG/BTC pair is clearly laggin, as expected. But, if BTG/USD is a leading indicator; big things are expected to happen for BTG/BTC. But, it first must complete the a,b,c correction as shown and that would be confirmed by and impulse set of five waves up.
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
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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.**
SPXL takes the lead
Yep! We have a new winner!
how long have you been doing this?
I was gunna get in today, kinda a newbie on the TD ameritrade platform
Four weeks with ira
cant read the chart any bigger version?
etfreplay.com
SPXL TQQQ ZIV TMF 3 month chart
https://steemit.com/bitcoin/@haejin/would-you-like-to-beat-every-hedge-fund-manager-s-performance-here-is-a-method-on-how-the-secret-sauce
im 21... does it not make sense to do a IRA? I dont want to have to wait 38 years before I can cash out lol. IDK if I'll make it to 59 ...
Would it make more sense to start with a regular account?
I would be be paying taxes either way right?
yearly, or a lump sum at the end... equivalent to what I would've paid originally?
When I was 21, I wished to make $30,000 in salary and thought I'd be all set. LOL!
The point is you don't see everything with the right degree of scope, all the time.
So, open that IRA and fund it.
I will defer to Haejin on that quandary.
How would you claim BTG if you had BTC in a Mycelium wallet when it forked? Any one know?
use the private key to sweep
I upvote
Please upvote i friend
As always thanks for the great TA Haejin!
Bitcoin gold holding its on top 6?
🔜I thought EOS reached wave five and will be correcting to about $1.85 In a post you made a day or two ago.. Is this still occurring or was the correction quick already complete . The lowest EOS went to was about $2.60. A far cry from $1.85 . If it is not correcting I would like to buy some more
Has XMR finished abc correction (Wave iv) and starting now the glorious Wave v? I see $240 or $300, what about you?
NO, correction never this quick. Remember the hurry up and wait syndrome.
I saw your article about it. It’s because I saw the retracement lower than subwave 4 and at 0.618 level.