Good evening everyone, after a friend request, lets take a look on our btgusd ,
This coin is bleeding a lot since it all time high near 500 usd and now looks like it has found support on the 105 usd zone (red dotted line)
On the 4h chart we can see btg appears to be forming a descending triangle which is a bearish sign, we need to see how btg will react since we're reaching to the apex.
If btg turn bullish and break and close ABOVE our downtrend and the 50 ema, we can open long positions targeting 120, 128 and 140usd levels, for short term.
All our indicators are going sideways and the volume is decreasing, there is no movement for now, probably we will see some action very, very soon.
If btg break below the support zone, it'll most likely bleed out to deeper levels, like the 75 usd (check the right chart) and we will have to wait some reversal price action to reload this coin.
For now, all we can do about btgusd is wait for a breakout and close, above or below.
Good trades everyone.
This coin is bleeding a lot since it all time high near 500 usd and now looks like it has found support on the 105 usd zone (red dotted line)
On the 4h chart we can see btg appears to be forming a descending triangle which is a bearish sign, we need to see how btg will react since we're reaching to the apex.
If btg turn bullish and break and close ABOVE our downtrend and the 50 ema, we can open long positions targeting 120, 128 and 140usd levels, for short term.
All our indicators are going sideways and the volume is decreasing, there is no movement for now, probably we will see some action very, very soon.
If btg break below the support zone, it'll most likely bleed out to deeper levels, like the 75 usd (check the right chart) and we will have to wait some reversal price action to reload this coin.
For now, all we can do about btgusd is wait for a breakout and close, above or below.
Good trades everyone.
Comment:
BTG is on his ATL (all time low, not sure if this term does exist), since its launch.
Despite the price is, of course, very good to buy this coin, its risky since this coin can just keep bleeding without recovery.
For long i recomend EOS, CARDANO, ETH, NEO, OMG.
Btg? well, im not so sure.
BUT if you are willing to take the risk, now its a good price to add some to your portfolio, i'd just recommend to wait a proper reversal sign.
Despite the price is, of course, very good to buy this coin, its risky since this coin can just keep bleeding without recovery.
For long i recomend EOS, CARDANO, ETH, NEO, OMG.
Btg? well, im not so sure.
BUT if you are willing to take the risk, now its a good price to add some to your portfolio, i'd just recommend to wait a proper reversal sign.
Comment:
For long term i mean*
100 usd is a psicological level still, lets see how it'll react to it
but the scenario is bad.