The yellow circle indicates the Double top formation and also a bull trap being extended beyond the downtrend line. Bitcoin needs to correct itself either in price by finding support at 50/100/200 EMA or in time by consolidating at these levels.
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found local support at 11300, might tease $12000 again or perhaps overcome it.
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this 12hr candlestick will be crucial for the longer play.
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Breaking up. Tread with caution, bart moves expected.
