Altcoins

Bitcoin Gold Market Report: Top Ten Crypto Down – $BTG Up Double Digits

Brief:


All top ten cryptocurrencies are down but Bitcoin Gold is up by double digits. Bitcoin Gold is up 13.45% in 24 hours, up 21.25% on the week and up 6.01% on the month on a last price of 0.01940010 BTC or about $220.07. The Bitcoin Gold marketcap is $3,691,481,469 with a circulating supply of 16,774,124 $BTG. $BTG/BTC is trading between a 24hr high of 0.02145000 BTC ($243.03) and a 24hr low of 0.01697875 BTC ($193.27) on a 24hr Bittrex volume of 2,392 BTC. In daily moderate to heavy volume trading the weekly trend is mixed.

Last price

0.01940010 $BTG/BTC

$USD

last price $ 220.07
one week ago $ 181.74

Price change

Price change is the $BTG percentage change within the period:

period change
day 13.45%
week 21.25%
month 6.01%

Volume

Volume

$BTG 24 hour volume
BTC 2,392 BTC
all $BTG currencies 57,360 BTC

The 24 hour volume for $BTG/BTC on Bittrex is 2,392 BTC. This volume weight is moderate to heavy when compared with Bittrex daily trading levels for $BTG over the last month.

The total 24 hour volume for all reporting $BTG markets is 57,360 BTC.

Market Share

The Bittrex currency pair $BTG/BTC is 4.17% of all $BTG traded in twenty-four hours. Bithumb has market leading share of 49.95% in the $BTG/KRW pair today. Upbit (29.43%) is second. Thus while significant, Bittrex has a small part of the total daily market.

Remarks

All top ten cryptocurrencies are down but Bitcoin Gold is up by double digits. Bitcoin Gold is up 13.45% in 24 hours, up 21.25% on the week and up 6.01% on the month on a last price of 0.01940010 BTC or about $220.07. The Bitcoin Gold marketcap is $3,691,481,469 with a circulating supply of 16,774,124 $BTG. $BTG/BTC is trading between a 24hr high of 0.02145000 BTC ($243.03) and a 24hr low of 0.01697875 BTC ($193.27) on a 24hr Bittrex volume of 2,392 BTC. In moderate to heavy volume trading the weekly trend is mixed.

$BTG is an Alt
Bitcoin Gold ($BTG) despite its suggestive name should not to be confused with the market leading Bitcoin ($BTC).

Anytime your token is up by double digits and the top ten are all down casts a favorable light on the short term possibilities (long position):

Top Ten Crypto by Market Capitalization: January 19 2018

Data courtesy CoinMarketCap.com

One Year Chart
$BTG is first seen charted here on October 23 2017:

Data courtesy CoinMarketCap.com

One Day Candles

Friday January 19 2018 Bitcoin Background

Altcoins such as Bitcoin Gold ($BTG) may show a relationship with Bitcoin ($BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
-1.25% price $11,617.90
vol $11,655,600,000
mktcap $195,332,473,010
16.81M #XBT 21:41 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

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Highlight Chart

Tap / click to enlarge:

All top ten cryptocurrencies are down but Bitcoin Gold is up by double digits. Bitcoin Gold is up 13.45% in 24 hours, up 21.25% on the week and up 6.01% on the month on a last price of 0.01940010 BTC or about $220.07.
All top ten cryptocurrencies are down but Bitcoin Gold is up by double digits. Bitcoin Gold is up 13.45% in 24 hours, up 21.25% on the week and up 6.01% on the month on a last price of 0.01940010 BTC or about $220.07.

A lot of the price increase came on just one hour at 17:00 hours. While one red and four green hourly candles followed that increase, if you missed the 17:00 hour candle you missed the bulk of the ride.

Data source

Bittrex is the main data source for this report. Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the Bitcoin Gold market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 3,691,481,469
Circulating supply 16,774,124
Last price $ 220.07
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 0.02145000 BTC
daily low 0.01697875 BTC

Trend

The weekly trend is mixed.

trend is MIXED

Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.

Resistance

Resistance is the highest price within the period:

period resistance
day 0.02145000 BTC
week 0.02700690 BTC

Support

Support is the lowest price within the period:

period support
day 0.01697875 BTC
week 0.01500010 BTC

Market sentiment

Market sentiment is bullish. Any time you’re riding an altcoin up wave and the top ten crypto are all down – its a good day.

sentiment bullish

Image courtesy Pixabay.com

Summary

All top ten cryptocurrencies are down but Bitcoin Gold is up by double digits. Bitcoin Gold is up 13.45% in 24 hours, up 21.25% on the week and up 6.01% on the month on a last price of 0.01940010 BTC or about $220.07. The Bitcoin Gold marketcap is $3,691,481,469 with a circulating supply of 16,774,124 $BTG. $BTG/BTC saw weekly resistance at 0.02700690 BTC ($306.77) and weekly support at 0.01500010 BTC ($170.39). Market sentiment is bullish. The weekly trend is mixed in daily moderate to heavy volume trading.

Price Direction?
The volume on the hourly chart is flashing signs of volatility and this could take off even more. That $BTG is up while the top ten are down speaks loudly. Who cares what else is happening?

Look for $BTG to continue its present trajectory in the short term, and if volume increases substantially hold on tight for an even better ride.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Friday January 19 2018 21:28 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

Thanks for reading! 🙂

Tags

Bitcoin Gold, $BTG, BTC, Bittrex, Market, Report, $BTG/BTC, altcoins

KittyBitcoin supplies blockchain intelligence on http://kittybitcoin.com, on industry leading websites, and through white label channels since 2014. Follow @KittyBitcoin on Twitter®.
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