UnknownUnicorn121770

BTCUSD Classic Rejection-Wheelchair pattern

Short
BITFINEX:BTCUSD   Bitcoin
What we see here is a strong rejection at the rising wedge resistance and a wheelchair bull trying to rally. This will not end well on the short term, as support is about to end and the wheelchair bull will fall off and at best hurt itself.
Comment:
Waiting on a double top before entering trade
Trade active:
Comment:
T1 reached
Trade closed manually:
Closing the remaining position, as 4H chart show a pennant.
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