sykes

Might be time to play BTG (Again) July 2018

Long
sykes Updated   
BITFINEX:BTGUSD   None
I think it might be time to revisit BTG. It looks to be trying to break up. This is a short term play and when (if) it's confirmed buy more with margin. As with every other thing around you have to keep an eye on what BTC is doing.

This is the thing I am playing today no leverage, dont wanna get stuck in a bad trade if BTC goes to shit. Will look to buy more with leverage if it breaks out and confirms on top of the breakout line.


Each Fib line could be a target to go for. Up to the 0.5 - 0.78 level before a good pullback.


Looks okay vs BTC too.

Comment:
So BTC making everyone an expert now. Is all good for now, just keep an eye on the BTC I dont think the bear market is over just yet, I think this is just a couple days/weeks relief. Anyways this did break out and this is what I am looking at to go long on Margin. We kinda wanna see it pull back but not under the 200 day MA (White) it can wick it but not close and start trading under it. So looking to buy around $28.50 and I think a safe target would be $34 - $36, could pass that and get up to $40.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.