BTGUSD Grinding higher and still looking good
BTGUSD Update
BTG never made it to 188 entry point, which was calculated by it hitting the long term rising support at the
bottom of the chart - unfortunately 1 day earlier than it did - close but no cigar. If you got the eventual low at 190
bang on by watching and waiting that extra day you have been well rewarded for that patience with BTG up 45% in
36 hours since then. Right now there's a battle raging between bears hitting down hard from 278-275 with a
series of pins forming from above, and yet from below the bulls are meeting all sales and absorbing them
...pulling assistance from the strong speed line that 's supporting the move from the secondary
low at 200. This still looks good whilst that support line holds (stops for longs under here, moving up under price)
Likely to keep grinding higher - stay with it or pick some up...should reach 340-344 fairly soon where look to take
profits again if touched.
BTG never made it to 188 entry point, which was calculated by it hitting the long term rising support at the
bottom of the chart - unfortunately 1 day earlier than it did - close but no cigar. If you got the eventual low at 190
bang on by watching and waiting that extra day you have been well rewarded for that patience with BTG up 45% in
36 hours since then. Right now there's a battle raging between bears hitting down hard from 278-275 with a
series of pins forming from above, and yet from below the bulls are meeting all sales and absorbing them
...pulling assistance from the strong speed line that 's supporting the move from the secondary
low at 200. This still looks good whilst that support line holds (stops for longs under here, moving up under price)
Likely to keep grinding higher - stay with it or pick some up...should reach 340-344 fairly soon where look to take
profits again if touched.
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.