pgarret

BTG short trade

Short
pgarret Updated   
BITFINEX:BTGUSD   None
BITFINEX:BTGUSD
If the up trend line holds we can see a break out on the up side, watch for the classic fib resistance before putting your order.
On my watching list.
Trade active:
I'm still in this trade but the situation is a little gray. If it doesn't bounce up the trend is going down. The RSI is not looking bad but MACD is already pointing down which indicates shift of direction baked up by a divergence which resulted into the current slow movement. Another scenario could be that it goes sideways to stabilize the band and decrease volatility but that could mean going down as well.
I will keep watching.
Trade active:
If it breaks out the target is $320.
Order cancelled:
I'm out of this trade

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