Looking at a closer time frame, BTC would need to break back into the following resistances
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Just to be clear, I'm looking for a long in BTC in the longer time frame.
but I'm looking to scalp while I look for a good long entry.
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testing that smaller time frame wedge...
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rejected...
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All the lines shown are acting as resistances. this is hard for those who bought inside this pennant (most of this selling is coming from them). The smart money is already out.
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so far so good... stops are set... going to head out.
trade with care.
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did not expect the bullish recovery. Trade is still active.