Long
BTG moving in triangle
BTG is in a bearish triangle pattern. It will bounce on the triangle and drop until the volumes are sufficient.
When it breaks the triangle the first target is the next fib level at 644$ and the next 900$.
I advice you to put a stop loss near the level where the triangle can be broken at the bottom. In this case, we will need to wait until a clear pattern for a safe buy.
As you can see, if the up triangle resistance is broken, the two targets are :
- 644$
- 900$
It is just an idea, not a trading advice.
When it breaks the triangle the first target is the next fib level at 644$ and the next 900$.
I advice you to put a stop loss near the level where the triangle can be broken at the bottom. In this case, we will need to wait until a clear pattern for a safe buy.
As you can see, if the up triangle resistance is broken, the two targets are :
- 644$
- 900$
It is just an idea, not a trading advice.
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