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abdulla_faraz

Rising Wedge, Likely to Fall Back to Resistance

Short
Bitcoin (BITSTAMP:BTCUSD)  
abdulla_faraz Mis à jour   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Cryptocurrency Double Top
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trendanalysis chartpattern cryptocurrency doubletop
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.
Commentaire:
snapshot

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

snapshot
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