vikramsthakkar
Short

Bitcoin(6398): As suggested in previous post negative divergence

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin             (6398): As suggested in previous post negative divergence visible. Closed @ Rising wedge support

Going forward Immediate support @ 6300, break below with volume will witness further profit booking upto 6000-6100 levels. Till 6600-6850 is not crossed lower levels of 6000-5600 is likely to come....
In case 6300 holds bounce will be upto 6600-6850 levels.

With 38.2% retracement of entire upmove from 2972 & 7888 coming @ 6010, expect price to take halt.
In case 6000 is broken with volumes fall would continue upto 5350-5600 levels
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