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?
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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.**