Bitcoin (BTC): Feb 7 2015

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btc feb 7

 

This fractal seems far enough along that it is fair to assume the boundaries of the wedge. A breakout from this wedge would support the price theory we have been focusing on for the past few weeks. Knowing the Crypto market it would be expected that the price break below the support to shake out some longs before a short but significant rise in price. At this point in time guessing a top is hard, but history would suggest $350-400.

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