BTG not so bad
I´ve shown a graphic pattern which I can imagine to occur - if BTC won´t crash at new in the next few days. (what is likely to happen at all)
But as we could recognize BTG is not correlated to BTC 1 : 1 - so there is a little independence of the bigger brother.
other indicators (4h-candles) neutral to negative:
MACD:< 0 but triggered and climbing
RSI: < 50
Volume: relatively low
MA 12: falling
If the mentioned szenario happens then only accompanied with a lot of volatility.
Stop at lower ascending line!
But as we could recognize BTG is not correlated to BTC 1 : 1 - so there is a little independence of the bigger brother.
other indicators (4h-candles) neutral to negative:
MACD:< 0 but triggered and climbing
RSI: < 50
Volume: relatively low
MA 12: falling
If the mentioned szenario happens then only accompanied with a lot of volatility.
Stop at lower ascending line!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.