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Bitcoin Gold (BTG): A Breakout Needed for Both MACD & Price by haejin

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btg · @haejin ·
$109.72
Bitcoin Gold (BTG): A Breakout Needed for Both MACD & Price
<center>![](https://steemitimages.com/DQmf5i45SGJccjYLWdc8q8KNzXgL2mfG6f2z1jc7U9xpQnn/image.png)</center>
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**SUMMARY**

Back on March 19th, the below chart was posted with a $59 low target. The subwaves of the red c of Z is at same level but extending the sideways movement. Meanwhile, MACD remains well within a narrowing channel.
![](https://steemitimages.com/DQmdHuJuLiwj9Vmwbxk1NE4vLUhngLqpXfGFs7BeGNq7vpb/image.png)

The Elliott Wave have been updated and the price is within the blue symmetrical wedge pattern and seems to be stuck with little to no mobility. Such close proximity to the apex is not sustainable for both price and MACD. Do you think price & macd will breakup or breakdown? Given the positive divergence betweent he two, does the subsequent price outcome lean towards bullish or bearish type?
![](https://steemitimages.com/DQmYhFBfU8R3L2WcXkzUdmyxvmquD8QLQKpWxLE5WphmFr4/image.png)




**Legal Disclaimer**: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

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<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif



<center>https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif</center>
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@apuvai152 · 
I upvote you.plz upvote me sir to grow up. please
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@armia93 · 
Wow nice post
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@cmoljoe · 
![be1e37b5c02dceba032e97fcfb0f46f0.jpg](https://steemitimages.com/DQmZfyEhrhcSt7cwuDbiPKjAVAaHnydugyBroUcq94ozhoX/be1e37b5c02dceba032e97fcfb0f46f0.jpg)
👍  
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@dahlsom ·
$0.07
Let's see what happens... this correction is becoming a battle
👍  
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@danuel505 · 
Great post, very nice. Good information.
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@focygray · 
Thanks @Haejin.
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@focygray · 
Do not comment here because you need haejin to upvote you. Just take one step at a time. You will get to the top okay.
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@ilhamdhia · 
please follow and upvote me back sir @haejin thank you
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@thabiggdogg · 
@SteemFlagRewards Comment Spam
👍  ,
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vote details (2)
@lop8k · 
This is the BEST bitcoin analisys (check it out): http://cryptosrocket.com/btc/2018/03/29/lets-see-the-big-picture-and-whats-next
👍  
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vote details (1)
@loyalty222 · 
Ok thank you for the information @haegin 
Please help me grow upvote my post
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@muftii · 
good
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@newall · 
Great post. A break out is defo needed. I don't think it will be long until the bull market will start. But to be honest everywhere is bare at the moment
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