BitcoinSingkat
Bitcoin falls back to $50K, focus on hourly chart
Bitcoin's has erased the spike from 50K to 
52K seen early today with stocks feeling the pull of gravity amid continued rise in the U.S. treasury yields.
The hourly chart shows the cryptocurrency is again looking to dive out of a rising wedge-like pattern. That, coupled with a potential sell signal by EMA ribbon would be a strong sell signal.
Looking at the way copper/gold ratio is rising, reflation trade appears to be in full swing. As such, bond yields could continue to rise, making life difficult for equity bulls.
Bitcoin can actually go down to 40K.... unless there is sudden reversal higher in equities and another Fortune 500 company announces bitcoin investment.
52K seen early today with stocks feeling the pull of gravity amid continued rise in the U.S. treasury yields. The hourly chart shows the cryptocurrency is again looking to dive out of a rising wedge-like pattern. That, coupled with a potential sell signal by EMA ribbon would be a strong sell signal.
Looking at the way copper/gold ratio is rising, reflation trade appears to be in full swing. As such, bond yields could continue to rise, making life difficult for equity bulls.
Bitcoin can actually go down to 40K.... unless there is sudden reversal higher in equities and another Fortune 500 company announces bitcoin investment.
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.