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.
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Price is likely to find support at around 8,200.
Trade active
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Likely to fall further. The pattern fits a double top neckline retest.
double tops are usually ment to be broken! This looks more like an ascending triangle or cup and handle formation to be honest which is both quite bullish. I would not short this just yet ..
we touched the resistance line twice already a third time won't probably hold, so we breakout the target then becomes $14500, which would rek a short .. be careful here!
jlowzow
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Looks convincing! In addition I'm not sure that there is a real breakout..