📊 Bitcoin Gold (BTG) Breaking up from correction?
By the count of Elliot Wave it looks like BTG have had an ABCDE correction, with an abcde subcorrection in wave E.
The correction has give a straight resistance line down, and price have breached that resistance now.
Volume have been ok the last week, may be there is few weak hands left in BTG.
A closeup at the 1hour chart show how the 1. and 2. pink waves can be populated with 5 yellow waves up and a blue ABC to pink 2. A drop down to the support line would ruin this count however.
MACD close to zero and Stoch RSI leaning towards oversold, with very little volume.
There seem to be slight divergence between MACD and Stoch RSI.
The daily chart looks like sideways is preferred a couple days more.
The flat candles the last days and higher volume say we are at a bottom line, throwing weak hands at it.
The 4 red TD counts is pretty equal, and will possibly go sideways a couple days more.
I think we may see a breakout here soon, and a 3x price is possible.
These are just my thoughts, not a trading advice.
If you have another view on this post your welcome to discuss and post your charts in the comments.
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