NoNameGraph

Correction is not complete, waiting for a new bottom.

Short
BITFINEX:BTCUSD   Bitcoin
Correction is still incomplete, because the buyers allowed to create a pattern of "Bearish pennant", whose target is the length of the flagpole (5400~), which ideally rests against the lower edge of the global wedge.

Similarly, in favor of the fall says the candlestick pattern "Bearish Engulfing" formed on the weekly chart.

Typical Bearish Engulfing

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