Bitcoin Gold Just Breached This Major Moving Average Level

The Hourly View for Bitcoin Gold

  • Currently, BTG’s price is down $-0.02 (-0.03%) from the hour prior.
  • This is the 3rd hour in a row Bitcoin Gold has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • Of note is that the 50 hour changed directions on BTG; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Bitcoin Gold’s hourly price chart is shown below.

BTG

The Daily View for Bitcoin Gold

  • At the moment, BTG’s price is down $-1.47 (-2.19%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 100 day moving average has been crossed, so that price is now turning below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between BTG’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in BTG’s price.

Below is a daily price chart of Bitcoin Gold.

BTG

Featured Bitcoin Gold Idea From TradingView

Below is a trading comment entitled Bitcoin Gold Litecoin Silver you may find interesting:

LTC runs in the expected directioIt has great potentialCallback layout it

wsbhua