Crypto Contest January 27: Bitcoin Gold
Bitcoin Gold (Bitfinex: BTGUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, BTG began a wave one advance on December 17, 2019. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 15 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 24. If this wave count is correct, BTG should be heading next towards the January 15 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
BTG is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs. Kiana Danial interviewed the co-founder back in October 2019.
(Sources: https://bitcoingold.org/)How Will Bitcoin Gold Trade?
Bitcoin Gold (Bitfinex: BTGUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices.
- BTG will takeout the January 15 peak
- BTG will drop below the January 10 low
- BTG will stay in a trading range between the January 10 low and the January 15 peak until March 3
Answer the question at dpoll.xyz.