TATCH 👻 TRADING ANALYSIS: [BTC] quick pips long before trapping zone

in #bitcoin6 years ago (edited)

Hi guys !

Quick pips on the BTC. Price is in a channel since the quick spike from 6000ish $

Obviously they are going to at least fakeout a trendline break before dropping price again towards 5500$.
Capture d’écran 2018-02-19 à 20.09.52.png

We should be looking for:

Something like a channel fakeout low: the current forming M pattern should turn into a failed reversal. Not sure if it will go back as far as 10k$ but possible.

Top 3 purple lines are areas where they should setup traps to go low, this process will take a while and play a lot on 'emotions'; be careful but mostly be patient 😇😘

You can go long on the short term and take partial profit around purple lines but mostly stay alert as they are drawing the next pattern.

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Much love

Cédric

Tatch Capital Limited

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

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