BTG Bitcoin Gold

On this chart we see all trade history BTG/USD on Bitfinex. After huge falling movement Bitcoin_Gold is in big flat zone from June 2018. This flat looks like accumulation of positions. We saw double volume squeeze On September, bigger then avarage Volume indicator, but without price changes.
Then we need to look on BTG/USD Long positions amount:

There we see the strong accumulation of Long positions on Bitfinex from 17 August. What is it? Why Long positions did not decrease even where all crypto market was under stresses? Maybe it is the next manipulation by Bitfinex as ETP?
There are many questions which I haven't answer but one thing I know - BTG expects some movement, strong movement..

So, I am considering BTGUSD as good Long position for long-term. It is a risky deal but we may see a huge pump!

Pay attention for this coin, guys and do not forget about risk management.

Yorum:

Near support line