BTGUSD Update Neutral to bearish near term
Left this awaiting a successful break of the parallel to the
upside having bought again around 290-288 - but the break
was dud at 303 first resistance with a couple of tiny pin bars
(like BCH, too) showing rejection....over about 3 hours so
giving loads of time to see the top/resistance forming and
therefore close out with meagre 5% profit (on top of 15 to 25%
profits already banked on BTG this week alone - was banned
for 12 hours last night so no updates for mistakenly uploading
an LTC chart to gold chat room by mistake: Nazis in the gold
room, beware)
So now BTG is falling away down the parallel, not hot but not
too cold either, like BCH right now. Ideally this will fall lower
still, to 270 and could spike down to 262. Look to accumulate
in this range with stops left below 252.
Break Points
Any break below 254 would be very bearish, opening the way
for a good short back to 222-217 range (reverse here)
A break above 308 is needed now (unlikely in near term) to
trigger a long up to 320. More as this develops.
Left this awaiting a successful break of the parallel to the
upside having bought again around 290-288 - but the break
was dud at 303 first resistance with a couple of tiny pin bars
(like BCH, too) showing rejection....over about 3 hours so
giving loads of time to see the top/resistance forming and
therefore close out with meagre 5% profit (on top of 15 to 25%
profits already banked on BTG this week alone - was banned
for 12 hours last night so no updates for mistakenly uploading
an LTC chart to gold chat room by mistake: Nazis in the gold
room, beware)
So now BTG is falling away down the parallel, not hot but not
too cold either, like BCH right now. Ideally this will fall lower
still, to 270 and could spike down to 262. Look to accumulate
in this range with stops left below 252.
Break Points
Any break below 254 would be very bearish, opening the way
for a good short back to 222-217 range (reverse here)
A break above 308 is needed now (unlikely in near term) to
trigger a long up to 320. More as this develops.