abdulla_faraz

Rising Wedge, Likely to Fall Back to Resistance

Short
abdulla_faraz Updated   
BITSTAMP:BTCUSD   Bitcoin
BTC price is coming up against strong resistance at around 12,000 mark. It's likely to test against this price several times before a breakthrough is made, hence it's likely that price will fall back to support.
Comment:

Price is likely to find support at around 8,200.
Trade active:
Likely to fall further. The pattern fits a double top neckline retest.


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