Cbfriedl

Cbfriedl

Not too long after I published yesterday’s short term outlook on BTC, the price broke on the upside above the wedge. However, the price break was not significant – staying within the bands. Re-looking at the upper edge of the wedge and using a best fit regression of the highest highs for this consolidation period continues to show a wedge with the ocillations...

Cbfriedl

In reviewing the short term outlook for BTC , BTC is down from a recent high of $4239 on Christmas Eve and in a sideways consolidation after a recovering from the December 2018 low of $3128 on December 15th. Looking at the four hour chart over the past two weeks, the price has been oscillating with decreasing amplitude in a $200 range of $3675 to $3875 (with...