Hi, friends.
We have an interesting idea on BTG.
First of all, the price is near the strong support zone. Second - BTG is in mini-consolidation and the price showed a bull reaction from the lower balance level. Third - a large amount of volume has been accumulated in the narrow price range. It often indicates that we should expect a good movement soon. Fourth - BTG have a strong roadmap for next events and a good positive news. So, be ready to buy BTG.
Trade recommendation:
Aggressive
Entry point: 112.60 (buy stop )
Stop loss: 99.95
Target1: 121
Target2: 136
Target2: 150+
Conservative
121.60 (buy-limit after break out mini-balance)
Stop: 112
Target1: 121
Target2: 136
Target2: 150+
Glossary of terms
We have an interesting idea on BTG.
First of all, the price is near the strong support zone. Second - BTG is in mini-consolidation and the price showed a bull reaction from the lower balance level. Third - a large amount of volume has been accumulated in the narrow price range. It often indicates that we should expect a good movement soon. Fourth - BTG have a strong roadmap for next events and a good positive news. So, be ready to buy BTG.
Trade recommendation:
Aggressive
Entry point: 112.60 (buy stop )
Stop loss: 99.95
Target1: 121
Target2: 136
Target2: 150+
Conservative
121.60 (buy-limit after break out mini-balance)
Stop: 112
Target1: 121
Target2: 136
Target2: 150+
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded volume .
- Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
- Balance - Accumulation Area.
- F L - flat level.
- T L - trend level.
- Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.