BTG/USD chart - Trading View
Exchange - Bitfinex
Support: 17.436 (61.8% Fib); Resistance: 18.627 (200-DMA)
Technical Analysis: Bias Bearish
Bitcoin Gold has slipped below 200-DMA, bias is strongly bearish.
Recovery attempts on 30th and 31st are capped below 200-DMA which is now offering strong resistance.
Price action has broken below 50W EMA. Technical indicators are highly bearish which suggest further downside.
Stochs and RSI on the weekly charts are sharply lower. RSI is well below 50 level.
That said, oscillators on the daily charts are into the oversold territory. Hence caution advised as the price may see minor pullback.
Major trend has definitely shifted to bearish as indicated by moves on the GMMA indicator.
Next immediate support lies at 61.8% Fib at 17.43 ahead of 14.46 (Apr 2019 lows).
Retrace above 200-DMA could see gains till 21-W EMA at 22.31. Break above negates near-term bearishness.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro: AUD/USD slips amid wavering risk sentiment
Bitcoin Resilience: BTC Reclaims USD 69,000 as Geopolitical Tensions Ease
FxWirePro- Major Crypto levels and bias summary
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro- Major Crypto levels and bias summary
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
FxWirePro- Major Pair levels and bias summary
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom 



