Trade Recommendation: Bitcoin Gold

The price is at the strong support level which stopped and reversed the market one week ago. We have a bullish divergence and it gives us a new trend reversal signal. RSI confirms price reversal. MACD lines are going to support upward movement. It’s trading opportunity. We can place pending orders for buy at 282.00 level with stop orders at 258.50 level. Profit targets are 300.00 and 340.00 levels. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.

Market: BTGUSDT
Buy: 282.00
Stop: 258.50
Profit Targets: 300.00 and 340.00

The trading signal is based on Bittrex chart.
Disclaimer: The analyst does not have investments in Bitcoin Gold.

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.