BTC Fractal analysis and entry points
Updated
Using fractal analysis we can see that BTC will begin a steady drop to SMA100. The drop matches the timeline of the fork which will be blamed for this fall, long orders should be placed at 6500, 6300. Profit targets are round numbers such as 6800 and 7000.
Comment
The fractal seems to be completing the second top, downward movement still seems to be in play, the bearish candle also serves as an additional correction indicator.Comment
Bitcoin seems to be following exactly the path forecasted in this idea. Watch price action closely.
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