Crypto Contest November 28: Bitcoin Gold
Bitcoin Gold (BTGUSDT) has broken out of the triangle pattern in the two-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Bitcoin Gold began a wave one advance on November 21. The red wave one finished later on the same day, and the red wave two correction ended on November 22. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on November 24, and the red wave four correction ended on November 26. If this wave count is correct, Bitcoin Gold should be heading next towards the November 24 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
One can see the waves even better in the line chart.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Here you can find the comparison table between Bitcoin, Bitcoin Gold, and Bitcoin Cash.
(Source: https://bitcoingold.org/)
If you think this analysis is correct, upvote this post and upvote the comment "Bitcoin Gold will takeout the November 24 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Bitcoin Gold will drop below the November 22 low".
If you think Bitcoin Gold is in a range, upvote this post and upvote the comment "Bitcoin Gold will stay in a trading range between the November 22 low and the November 24 peak until December 29".
You can upvote the comment until 3 PM EST November 29 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bitcoin Gold will takeout the November 24 peak (29 voters as of 3 PM EST November 29: bleujay, bentleycapital, eirik, simonjay, flemingfarm, crokkon, gregory-f, jznsamuel, glennolua, toofasteddie, dlina-v-metrah, misalen, cryptotem, skririm, digitalking, komischername, coolthings, angelgarz, ahinga, carlosdaniel, kanoe, me-do, mihail.tsvetkov, amfid4846, heidelbaer, margaritaradkova, arpepa, ared20, m3rcos1ty).
I was waiting for this comment to be able to vote. I was a bit too fast today ;-)
Yes. My biggest fear is currently that we take out the peak before the voting period ends.
Hahaha, that might actually not be extremely unrealistic ;-)
Bitcoin Gold will stay in a trading range between the November 22 low and the November 24 peak until December 29 (18 voters as of 3 PM EST November 29: freiheit50, lydon.sipe, twinner, lucasgabd, catena, mprgrmmr, criptorafa, tzap90, mirda, cassidyandfranks, richard78624, gunsmithing, andy23, ragnaros, elisablogs, margaritaradkova, utkarshvarma, koskl).
Bitcoin Gold will drop below the November 22 low (6 voters as of 3 PM EST November 29: reconnectnature, lasper, freskil, yefet, napkin, sevinwilson).
You won.
good post
Thank you.
Do you hold Bitcoin Gold?