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Bitcoin Gold: BTG/USD creeps back into the Bollinger Band

  • The 20-day Bollinger Band has widened, which shows increasing price volatility.
  • The price is floating below the SMA 20, SMA 50 and SMA 200 curves.
Bitcoin Gold: BTG/USD creeps back into the Bollinger Band
Rajarshi MitraRajarshi MitraIndependent Analyst

BTG/USD daily chart

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BTG/USD has gone up from $7.40 to $7.45 this Wednesday and is floating below the 20-day Simple Moving Average (SMA 20), SMA 50 and SMA 200 curves. The 20-day Bollinger jaw has widened, indicating increasing market volatility. The Elliott Oscillator has had six straight red sessions and the Moving Average Convergence/Divergence (MACD) indicates increasing bearish momentum. The Relative Strength Index (RSI) indicator is trending around 39.10, next to the oversold zone.
 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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