BTGUSD BITCOIN GOLD DOLLAR The rally today is thin and grindingly dull, but it's steady. Better to be long with a stop under the little uptrend for the day than flat. But if at any point the day's supporting line is broken it will likely force price down 25 to 30 points to 340-330 range where it becomes a buy once more. This thing has already lost the protection of the bigger trend line which is now acting as resistance. It's not nearly as good looking as BCHUSD, but so long as the this new dynamic holds up it cannot be shorted, only bought, with stops below the parallel until the pattern changes and tells us to reverse.
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BTGUSD Update This has been a nice reliable short once the dynamic support gave way, as per comment from Monday. Now it's back in the buy zone so shorts get closed out and reversed long with stops under 318. Short term target is the falling dynamic around 350 where some day traders will reverse once more for another short with tstops above the dynamic. Pin bars of rejection off this line shows it's still strong. Price will then need to break above this line and hold on any retest to trigger the next long from here. On the downside major support lies close by at 319. Any failure to hold here over the coming days would be extremely bearish for BTG signalling a good shorting opportunity back to 260 at least, and potentially all the way back to 156.