BTG/USD Short Term And Long Term Idea
Updated
After dropping from 375($) dollars the price of BitcoinGold bounced of the support zone at 147($) dollars.
Looking in the short history of BitcoinGold the previous time it reached those levels it bounced back to around 300($) dollars.
With the Rsi reaching the support level and the price being outside of the bollinger bands we can expect a short term rise.
For Short Term:
Entry Points:175-185($)
Profit Targets:
1st)200($)
2nd)225($)
3rd)250($)
For Long Term Opportunity:
Entry Points:165-185($)
Profit Targets:
1st)250($)
2nd)300($)
3rd)375($)
Looking in the short history of BitcoinGold the previous time it reached those levels it bounced back to around 300($) dollars.
With the Rsi reaching the support level and the price being outside of the bollinger bands we can expect a short term rise.
For Short Term:
Entry Points:175-185($)
Profit Targets:
1st)200($)
2nd)225($)
3rd)250($)
For Long Term Opportunity:
Entry Points:165-185($)
Profit Targets:
1st)250($)
2nd)300($)
3rd)375($)
Trade closed: target reached
First Short Term Target Has Been ReachedNote
Second Short Term Target Has Been Reached
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