BTC Next Week - take 2

4 mar 2018

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.

7 mar 2018

Nota

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