BTGUSD Next Short Set-Up from Here
The wider spread compared to BCHUSD has seen
volume shrink away on this pair and swell on BCH.
But it's still a good shorting vehicle nevertheless. It halved
from 26 to 13 in a matter of days for example.
"No coin is ever too low to sell" - to update a W D Gann quote
for the 21st century.
The downtrend is still strong here and the last 3 rallies have
all failed at the upper dynamic. BTG remains vulnerable
whilst trapped below this dominant line. Once 17.5 breaks it
should fall away to the 13.2-12.1 range. And once 12 breaks
the next obvious downside target becomes 6.5-6.0
Will follow Bitcoin around as usual, just moves faster.
Not ready to short again yet but worth setting an alert for
maybe.
The wider spread compared to BCHUSD has seen
volume shrink away on this pair and swell on BCH.
But it's still a good shorting vehicle nevertheless. It halved
from 26 to 13 in a matter of days for example.
"No coin is ever too low to sell" - to update a W D Gann quote
for the 21st century.
The downtrend is still strong here and the last 3 rallies have
all failed at the upper dynamic. BTG remains vulnerable
whilst trapped below this dominant line. Once 17.5 breaks it
should fall away to the 13.2-12.1 range. And once 12 breaks
the next obvious downside target becomes 6.5-6.0
Will follow Bitcoin around as usual, just moves faster.
Not ready to short again yet but worth setting an alert for
maybe.