the Bitcoin price confirmed last week a higher low ( Sept. 23) at 10150 $ and is going to test the 11200 $ within this week. A entry at current price is not worth the risk and we wait for a clear market signal for further actions.
We see two possible movements:
Nr. 1: The price fails to break and close above 11200 $. This would form a double top pattern which is a sell signal. SL above 11300 $. TP 10500 $
Nr. 2: The price break 11200 $ resistance and close above it. Wait for a short term retracement after breakout for good buy entry at 11150 $ -11200 $. SL under 10950 $. TP 12200 $
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Trade closed: target reached
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market formed the double top near 10980 $ and started down movement as expected. New update coming soon