BTG Technical Analysis 02/01/2018

BINANCE:BTGBTC   Bitcoin Gold / Bitcoin
After a Large declining pattern in bitcoin gold price from the $300 high against the doller. The price traded below the $280 and $250 support levels and moved closer to the $200 handle. A low was formed at $207 from where the price started an upside recovery. There is a triangle pattern on 1H Chart however 4H chart looks absolutely smooth, that is showing BTG will be starting a rally soon. 250-260$ resistance is a major hurdle for buyers. On the positive side, the price is currently above $240 and the 100 SMA . We have comparitively two major support & resistance comparitively at 230 & 260$. BTG market future looks so bullish , that is a key fact.

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