Long
Bitcoin gold long setup
Crypto market coming back for either a small pump or continuation of bull market. BTG has a very interesting setup;
- After long consolidation, selling could not sustain creating a falling wedge. Price moved out of the wedge to the upside, but is still consolidating, creating a good risk to reward oppertunity. Some large buying volume started coming in, so we could see it reach 50% to 100% of the wedge beginning of the wedge. Risk reward ratio is 1:6.
- Stop loss: lower low.
- Target = 50% & 100% of wedge (see chart)
- After long consolidation, selling could not sustain creating a falling wedge. Price moved out of the wedge to the upside, but is still consolidating, creating a good risk to reward oppertunity. Some large buying volume started coming in, so we could see it reach 50% to 100% of the wedge beginning of the wedge. Risk reward ratio is 1:6.
- Stop loss: lower low.
- Target = 50% & 100% of wedge (see chart)
Note
BTG reached our first target at 91$. Looking at the 4h it seems to be consolidating. This could go as low as $61, but because the low of the pullback made a hidden bull on the rsi, there is a higher probability that is has already started its next move upwards. If we break the swing high of 90x dollar, expect a sharp movement upwards to T2. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.