sumastardon

BTGUSD Next Short Set-Up from Here

BITFINEX:BTGUSD   None
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.

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