Trade Recommendation: Bitcoin Gold

The price bounces from the support zone. This zone is formed by the uptrend line, SMA100 and it can be a good starting point for a new upward movement. RSI confirms price reversal. MACD gives bullish signal. DMI allows opening long trades. Pending orders for buy can be placed at 290.00 level with stop at 257.00 level. Profit targets are 335.00 and 380.00 resistance levels. The part of trade volume can be left for long run. If you don’t use leverage, trading volume for this trade is up to 5% from your deposit.

Market: BTGUSDT
Buy: 290.00
Stop: 257.00
Profit Targets: 335.00 and 380.00

The trading signal is based on Bittrex chart.
Disclaimer: The analyst are some invested 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.
Comments
  • Did a little stake on it but was a scarry ride down for days. The coin just waked up today finally just got my trigger ready to bail out if it decides to dip backa gain

Leave a Reply