Bitcoin (BTC) has appreciated more than 120% in the last few weeks while reaching a market cap above $100 billions.
It seems to have completed a five waves from its bottom of a few years ago and from its recent low of $3000.
It has also reached the top of its rising wedge while showing divergence on momentum indicators.
I believe that as long as it stays below the $6600 area BTC is due for a pullback towards at least the $5100 area.
A breakout above $6600 would invalidate this downside scenario.
It seems to have completed a five waves from its bottom of a few years ago and from its recent low of $3000.
It has also reached the top of its rising wedge while showing divergence on momentum indicators.
I believe that as long as it stays below the $6600 area BTC is due for a pullback towards at least the $5100 area.
A breakout above $6600 would invalidate this downside scenario.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.