BitcoinShort
Rising Wedge Pattern - BTC
Bitcoin price moving up though a classic rising wedge pattern over the last 3/4 weeks. Potential Bear sign suggesting a reversal (~ 60% breakout below)
Price currently near the top of the wedge with reducing volumes.
Short entry if the price breaks the lower trend line.
Downward breakouts have high failure rates
Price currently near the top of the wedge with reducing volumes.
Short entry if the price breaks the lower trend line.
Downward breakouts have high failure rates
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