Long

BTC Next Week - take 2

Updated

I decided to use the log scale on this chart to look for some trend lines. I have included both a bullish and bearish outlook for BTC. The red dotted arrow is a bearish outlook if the current chart pattern ends up being a double top. However most descending broadening wedges end up bullish at the end and I am expecting a breakout toward the 18K price level indicated by the green dotted arrow. We'll see what happens next week.

Note

looks like this has turned more bearish than I had expected. We'll have to see where this goes over the next week.

troberts4

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