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marketshero
Nov 1, 2022 9:22 AM

Bitcoin short-Double top breakout 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin is forming a double top pattern in 1h time frame.The pattern is already retested two levels.If the wave breaks the support 1,a short trade can be initiated with the risk to reward ratio of 1:3 as seen on the image.It can take retest the level of support 2 and support 3 as well,so be patient.Also,US fed reports are coming so market can be volatile.
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