TATCH 👻 TRADING JOURNAL: [NLG] Price Action recap - 2018 week 9
Hi !
Ain't much happened since https://steemit.com/bitcoin/@tatchcapital/tatch-trading-journal-nlg-recap-on-gulden-ahead-of-pow2 but volume increased a bit.
Range, TTR and Range again
While can definitely "speculate" it's an accumulation phase for big whales before pow2, with low volume and tight range we are also in a 'killing zone'.
When price will pickup again ? When "they" have fed and fill their trades.
Short-term
Short time it looks like price is nicely going for 18 cents (in $) but also look on the left of the screen (picture above).
The spike going just below 12 cents makes it a good place for a "trap" as price has made a small rejection just above it... be on the watch because anything in the area of 11 cents (still in $) is interesting.
NLG/BTC
Like last week there is a bit more action on the #Bitcoin pair:
First price completely went through 1600 and 1500 satoshis and head directly for 1111sat as we "predicted": https://steemit.com/bitcoin/@tatchcapital/tatch-trading-journal-nlg-recap-on-gulden-ahead-of-pow2 😘
Now that we have a "significant" (nice body candle) breakout of the Orange TL price is trying to retest the low (still 1111sat) and give us... a "second-entry" which are the best.
Targets are still the same: 5555sat long term and for short term I guess 2222 should be fine (or any multiple of 1111sat).
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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".