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)