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.
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
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
[TCN]: Tatch Convertible Note (aka TatchCoin)
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GuldenTrader
GuldenBites
All disclaimers and common sense apply.
No advise, just personal commentary.
"Never go full retard".