Bitcoin Gold seems to have found a bottom, although there is no price history to confirm this, we are seeing bullish divergence on RSI, less volatility and an increase in trading volume, these signs could indicate the beginning of a new accumulation phase.
I'm not trading this until we actually breakout out of the accumulation zone, but if you prefer to buy low, please use a tight SL.
Accumulation zone could be longer or shorter than charted, what's important is to see a reversal, and reaching the targets as marked on the chart.
*Not intended as trading advice, please use your own judgment when trading with real money.*
If you agree with this chart please give thumbs up!!! Comments are welcome :D
I'm not trading this until we actually breakout out of the accumulation zone, but if you prefer to buy low, please use a tight SL.
Accumulation zone could be longer or shorter than charted, what's important is to see a reversal, and reaching the targets as marked on the chart.
*Not intended as trading advice, please use your own judgment when trading with real money.*
If you agree with this chart please give thumbs up!!! Comments are welcome :D
TP1: 8129 (Reached)
TP2: 11815
TP3: 14105