EW: Five-Wave Cycle On BTGUSD, More Upside After A Pullback
Hello Crypto traders!
Cryptocurrencies are in a massive rally and one of them is also BTGUSD (Bitcoin Gold), where we see room for more gains within a five-wave cycle, we just have to be aware of a potential pullback in wave 4, which can be quite big looking at the logarithmic scale chart. Well, what we want to say is that BTGUSD remains bullish while it's trading in that EW channel and any decline should be only a temporary pause within higher degree trend, before we will see a continuation higher for wave 5.
Be humble and trade well!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Cryptocurrencies are in a massive rally and one of them is also BTGUSD (Bitcoin Gold), where we see room for more gains within a five-wave cycle, we just have to be aware of a potential pullback in wave 4, which can be quite big looking at the logarithmic scale chart. Well, what we want to say is that BTGUSD remains bullish while it's trading in that EW channel and any decline should be only a temporary pause within higher degree trend, before we will see a continuation higher for wave 5.
Be humble and trade well!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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