Short
BTGUSD: Trading strategies
BTGUSD Trading Strategies
Still unloved and unwanted. Big rejection spikes/pins and
more just recently...this should hit 216 soon, still another 12
points to lose here with just 4 points of upside risk with a stop
at 231- put a buy order in at 217 with a stop 3 points lower
and a sell order in at same time at 233 for 16 win and 3
risk...better odds still. BTG must hold up at 216 at all costs
tonight. Any failure here would tip it back into bear territory
and trigger a short trade: it will likely fall away to 188 -186 at
least - and then if this range fails back to 151 where we look
to buy again with stops 2 points lower. If you see it hold up
well off 188 can buy there with stop at 186 ready to reverse
back to 150 if the stop is struck.
Still unloved and unwanted. Big rejection spikes/pins and
more just recently...this should hit 216 soon, still another 12
points to lose here with just 4 points of upside risk with a stop
at 231- put a buy order in at 217 with a stop 3 points lower
and a sell order in at same time at 233 for 16 win and 3
risk...better odds still. BTG must hold up at 216 at all costs
tonight. Any failure here would tip it back into bear territory
and trigger a short trade: it will likely fall away to 188 -186 at
least - and then if this range fails back to 151 where we look
to buy again with stops 2 points lower. If you see it hold up
well off 188 can buy there with stop at 186 ready to reverse
back to 150 if the stop is struck.
Note
Nothing good sowing here ...this long is not going to work by look of red candleReverse postion to a short as ap with stop above 219
Note
Should fall to 203 then bounce some and then fall away further as per comment above
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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.