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).
Don't hesitate to join us on Telegram, upvote, share and ask questions in comment section.
Much love
Cédric
Tatch Capital Limited
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@originalworks
All disclaimers and common sense apply.
No advise, just personal commentary.
"Never go full retard".