BITFINEX:BTGBTC
Markets move in a simple cycle. Accumulation, (pre-uptrend consolidation), advancing, (uptrend), distribution (consolidation at the top of the uptrend), and declining (downtrend). Currently, BTGBTC has completed this cycle once, (unlike many other alts which seem to be continuing a downtrend), and is seeming to show strong signs of accumulation, (pre-uptrend). At this point in it's cycle, Bitcoin Gold is a very high value target to watch. Speaking of this, I have spotted an ascending triangle pattern which is nearing completion, so keep an eye out on what the market is going to do!
Markets move in a simple cycle. Accumulation, (pre-uptrend consolidation), advancing, (uptrend), distribution (consolidation at the top of the uptrend), and declining (downtrend). Currently, BTGBTC has completed this cycle once, (unlike many other alts which seem to be continuing a downtrend), and is seeming to show strong signs of accumulation, (pre-uptrend). At this point in it's cycle, Bitcoin Gold is a very high value target to watch. Speaking of this, I have spotted an ascending triangle pattern which is nearing completion, so keep an eye out on what the market is going to do!