TATCH 👻 TRADING ANALYSIS: [BTC] Bitcoin Price Action recap' - 2018 Week 10

in #bitcoin6 years ago (edited)

Hi guys !

Following last week expectations: https://steemit.com/bitcoin/@tatchcapital/tatch-trading-analysis-btc-bitcoin-price-action-recap
BTC "breached" it's downtrend TL.
Capture d’écran 2018-03-05 à 15.41.58.png

Plan the trade trade the plan

Action plan of market makers (most probable IMHO) is now to start "playing" and setting traps and whipsaws.

Reminder

As always they need to trap longs at worst possible price and squeeze out shorts.
In order to take back their trade and accumulate their short position.

Prepare yourself

Short-term 'they' should do the exact opposite; fake low and go higher as they continue to "draw/paint" price higher
Capture d’écran 2018-03-05 à 15.41.58.png

Practically I "think" they will push above 11.8-12k$, fakelow then takeout 13k$.

For the rest, last week analysis remains valid, check it out: https://steemit.com/bitcoin/@tatchcapital/tatch-trading-analysis-btc-bitcoin-price-action-recap

Don't hesitate to join us on Telegram, upvote, share and ask questions in comment section.

Much love

Cédric

Tatch Capital Limited

https://TatchCapital.Com

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@originalworks

All disclaimers and common sense apply.
No advise, just personal commentary.
"Never go full retard".

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