Bitcoin Gold (BTG) "Forest" Target $1,239
)
SUMMARY
Bitcoin Gold (BTG) could soon be worth more than Gold itself!
The below chart shows how BTG/USD executed the "Hurry Up & Wait" syndrome. Note how all the impulses are placed lickidy split and yet, the corrections just drag on and on. Never forget this. Once you take profits and think the correction is done, always remember the "Hurry Up & Wait" syndrome because the correction will take much longer than you think. The zig zag of current correction is quite apparent and is labeled as a,b,c. I've now labeled the subwaves of c and so that means this correction could be done. Perhaps one more small dip lower...but now's a good time to ladder in!
The "Forest" target is $1,239! Perhaps it would be more expensive than an Oz of real gold! The blue waves represent higher degree of trend and prices are currently working on the subwaves of the blue wave 3. The bull flag should allow prices to surge up make orgasmic lunges towards the "Forest" Target. Video has tons more details.
The BTG/BTC pair is also extremely bullish! Maybe one more dip...but not required. I've counted the five subwaves of the red c wave and that means the bottom is already in or imminent! Ladder in!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Nice share. I remember not long ago when BTC first matched one ounce of gold. Since that day, BTC never looked back, not it's worth about 10 ounces of gold for 1 BTC
@haejin your prediction (technical analysis) shows that if we buy Bitcoin Gold tonigh at $160 to $200 range, we will be making almost 450% to 600% to $900 before the end of the year, with only 1 bitcoin gold. If this is right, you can create lots of wealth for many people who buy it in this ranges. It will be amazing!
I have been following you with several crypto analysis and you have been very close on most of them. Appreciate all your contribution to the steemit community.
Regards, @gold84
Great technical analysis! What else is driving the buying in Bitcoin Gold (BTG)? Is it purely speculative and technical? I’m unclear what utility BTG has, and how it differs from BTC and BCH other than being GPU mineable?
I pay no attention to use case, white paper, news or events. Only to Technical Analysis of price. Why? New or events will arrive to justify my forecast.
I saw it happened many times!
me too!
I love your analysis. How long do you think BTG can break out and when? Give a tip
This post was...gold...see what I did there? Upvote to let me know you hear me?!!!
I wish you MASSIVE profits!
By this time you see how BTG. Please
Excellent count @haejin 🚀All aboard BTG
Im getting the same vibes when bitcoin cash was at $300 then blew up
Haejin, Great review of the potential long term trend "The forest". We believe BTG will clear the sketchy start up phase, attract hash power and get to the business of being accepted as payment solution in the supply chain. Looking forward to seeing progress from the team, and of course the profits!
You the gem!
I would appreciate if anyone can answer my question. If I trade using USD instead of ETH and BTC the value always remains same unlike BTC when it goes down value decreases? And with Hardware wallet, can I also store ALT coins? Thank you!
You can use Trezor hardware wallet for multiple coins.
Better to hold BTC and ETH as they have more utility than BTG so trading for USD is the best option.
You always say it important to do repetition. Every day I look at all these charts and get some excellent experience. I almost thought the three and four waves should be here but then I remember one of the rules is that the 4 descending wave can never cross into the post territory of 1.
Well done!
I'm having a hard time thinking this GOLD fork is actually going to be worth 1200!! Im going to close my eyes and press BUY for S and Giggles.....lol
I did the same, got around 6,5 btg to try it out.