Long
Bitcoin Gold setting up for potential trend continuation higher
Bitcoin gold at support levels within the current trend, BB tightening implying a breakout move up/down - based on recent trend, move higher looks more likely. Decent risk/reward, profit level at 20% and 60% target. Current market environment of Bitcoin dominance also good for continuation.
Note
Still in trend here and with a potential weakening with Bitcoin still on the horizon (see my recent analysis here: thebitnote.com/bitcoin-not-yet-out-of-the-woods/), decent risk/reward levels for swings: 1:2 ad 1:4 as shown in the chart below.[IMG]
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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.