BTGUSD Price action has been negative on BTG over the last few hours. It's broken important support at 319 and has since made a rally back up to the old support at 330 where it remains vulnerable. The break below 319 is worrying for bulls and the rally back to old support equally worrying for bears who have corrrectly shorted on the signal, a break below 319. The stop on the short should have been just above the entry level by a couple of points so will have created a small but annoying loss. It still looks vulnerablke from here though - the only way of escape from a mauling from the bears now is to break above 330 resistance line and then bust the dynamic/upper parallel, use 330 as support on the next pull- back and we have a long trade triggered back to 390 minimum and more likely to 419 and then 480. And for the bears to win out from here all that has to happen is for BTG to fail at 330 and then lose 319 support again and it will then start to fall away on lack of buyers. So it's negative under 319 and will likely put up a big fight at this level. So it's neutral above 319 and below 330 but with a bearish undertone whilst unable to find buyers enough to beat 330. A very difficult call at this point: it could go either way...no big hint of rejection or red candles enmerging from 330 yet but no worthwile green candles either. It's neutral again for now. Bullish over 330 on a suceessful retest and particularly when the upper parallel is broken on the updside and bearish when 319 gives way and then acts as resistance on the next retest from below. A wait and watch here. Do not be tired by waiting.