Crypto Trading Idea, Analysis & Setup: Buy BTG Thursday August 30

Technical Chart Analysis :

BTG/USD

Summary: Bitcoin Gold (BTG) shows a decent uptrend from the $13,21 low hit on August 14. After reaching a peak of $23,17 BTG is correcting a tad. In our opinion, this offers a sweet buying opportunity for crypto traders or even HODL’ers who would like to take a long position.

Trading Idea: Buy BTG @21,60 with stop-loss below support level of $17,50. This means a stop-loss of approximately 19% below the current entry level and with a first target of $28 which is the previous high of beginning of August. We have a profit/risk-ratio of 1,5 to 1 which is for me a nice ratio to trade. First resistance we can find at $23,17.

Note: – Always DOYR (Do Your Own Research). This is not an explicit advice and just for educational reasons. You can read more about our Price Action Course here: https://cryptoacademy.nl/price-action-trading/

Chart Commentary Disclaimer: Our views on the Charts is not advice or a recommendation, it is educational and general information only.