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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.