I know the arguments of the pro´s and the contra´s to BTG vs BTC. This is only a technical analysis - not more.
BTG had an optimum at 478$ in november 2017 and has fallen since then; with a lot of volatility as one can see in the chart.
So, the negative impetus is heavier then all trials to climb to higher prices. And actually it is heading to the price which has been the beginning of the first rise.
The sentiment in crypto is weak - news concerning regulations, fraud, scam, etc. are stressing the investors.
Why investing in cryptos if investing in stocks is more profitbale and less risky?
I think a lot of investors are switching their investments - others are selling cryptos for fiat money (to buy presents in china), ...
In this overall negative atmosphere - BTG is vulnerable. Perhaps even more than other coins.
All indicators are showing negative signs. They´re in such a way negative, that one could even think that´s the deepest level.
To show new signs of life, BTG should first cross the negative trend channel to the top and also break the resistance at 186$.
Actually, as already mentioned, it is heading down.
BTG had an optimum at 478$ in november 2017 and has fallen since then; with a lot of volatility as one can see in the chart.
So, the negative impetus is heavier then all trials to climb to higher prices. And actually it is heading to the price which has been the beginning of the first rise.
The sentiment in crypto is weak - news concerning regulations, fraud, scam, etc. are stressing the investors.
Why investing in cryptos if investing in stocks is more profitbale and less risky?
I think a lot of investors are switching their investments - others are selling cryptos for fiat money (to buy presents in china), ...
In this overall negative atmosphere - BTG is vulnerable. Perhaps even more than other coins.
All indicators are showing negative signs. They´re in such a way negative, that one could even think that´s the deepest level.
To show new signs of life, BTG should first cross the negative trend channel to the top and also break the resistance at 186$.
Actually, as already mentioned, it is heading down.