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.
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.