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SUMMARY
Bitcoin Gold (BTG) is clearly correcting and it's very healthy to do so! The five waves are resulting in a correction and the a,b,c waves look very three wavish.
So how do you know when an a,b,c correction is complete? Count five waves in the c wave. So, it's almost done!
Check out the MACD! It's oversold, also lending support to the probable outcome that the c wave is nearly complete, if not already!
So, the price pathway could look like this towards $560 or so.
The longer term count shows $1,503 as a target.
Again, the BTG/BTC pair is behind in its price progression! For the shorter term, 0.060 BTC is targeted using Elliott Waves and Chart Pattern Recognition. The Video has tons more details!
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!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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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.**
Thanks
Just wow for the post
Wow it looks just like BCH, so similar thats crazy!! I mean the charts are identical patterns at least to me.....Wow, Haejin you are so right an explosion is coming in the crytpo world....It will be interesting to see what the news is that brings these explosions in 2018....Cant wait to be a part of it!!! #financialrevolution #wealthredistrubution
It exploded the wrong way:( But I'm sure patience will pay off.
It's pretty clear that soon BTG will reach $1k. It has so much similarities with BitCash and BTC. Let's just wait.
@haejin, how can wave 2 go lower than wave 1??
Technically, you are correct. Different exchanges can have different counts, with the same destination.
If you are not happy, no problem, recount.
It didn't. It's only half of wave 1.
@lwilliams08
I love our updates no matter how far I come on the waves!
@haejin Today is 5.01.2018 and BTG is still 234.9 $. Your prediction failed apparently.
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could the correction be done, before end of the year?
I still have the faith.