jpbrown1023

BTG - Bitcoin Gold Has Potential to Fly as It Tests Resistance

Long
BINANCE:BTGBTC   None
Looking at the 4H chart for BTG/BTC, BTG has been making some bullish moves that should not be ignored. We can see that BTG broke out of its falling wedge and is currently testing the top of its descending channel.The price action has set up a nearly complete inverse head and shoulders pattern. We have had several pops above the trend only to be pushed back down by sellers. If this buyer pressure continues, we should expect a breakout. If it is anything like the last pump, it could turn out to be an incredible trade. The set up is good and the MACD looks bullish as it remains above the zero line. I'll be watching this closely.
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