If one looks at Bitcoin on the 4h chart there's a clear rising wedge which combined with the PPO indicator displays a pronounced divergence between the price action and its momentum.
https://www.mql5.com/en/charts/8603052/btcusd-h4-simplefx-ltd
What it simply means that we have a pull back on the cards for those who missed the train.
If expressed in EW terms we have either completed (or soon be completing) wave D in ABCDE pattern that the entire correction has morphed into and will have a final truncated push down in wave E
https://ibb.co/mApJ1x
Or this rising wedge is the 5th wave of the 1st wave of wave III of (III) and we will be pulling back in wave 2 of III of (III)
https://ibb.co/iybTZH
In any case I expect at least 50% retracement of the current swing up and for those who missed it, the Orient Express will soon make its final stop.
ADDON
The vedge has broke to the upsite, - a rare but possible outcome with 30% of chances. The divergence has also flattened, but it's still there.
https://www.mql5.com/en/charts/8606656/btcusd-h4-simplefx-ltd
