TATCH 👻 TRADING ANALYSIS: [BTC] Gear-up to shoot it more down 📉🔫
Hi all !
Recap on Bitcoin from earlier Telegram discussions
1) Reversal on a double bottom around 9000$ ?
Price made a good retracement from that level, yet what you see now is nice continuation short pattern in the making.
2) Fakeout
Price is going to breach this TL (blue line)... before going back down
3) Same target as before: 7500$
Now that the bulls from the yellow areas have their "thank god for letting me exit at breakeven or smaller loss" moment and shorts are squeezed.
4) Trade exemple
For this one I would use trades that would look like this:
Entry
13 333$
SL
13 900$
TP
7490$
So you would have a high probability with a R:R Ratio above 10 !
Don't hesitate to join us on Telegram, upvote, share and ask questions in comment section.
Much love
Cédric
Tatch Capital Limited
[TCN]: Tatch Convertible Note (aka TatchCoin)
https://tatchcapital.com/token.html
[EUR/TCN]
https://wallet.tatchcapital.com/market/TATCHCOIN_EUR
GuldenTrader
GuldenBites
http://guldenbites.nl/en/
@originalworks
All disclaimers and common sense apply.
No advise, just personal commentary.
"Never go full retard".
Interesting view !
Thank you !
Thanks for support !
Congratulations @tatchcapital! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP