RavenRife
Long

BTC Fractal analysis and entry points

BITSTAMP:BTCUSD   Bitcoin / Dollar
709 2 17
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.
Kommentar: 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.
Kommentar: Bitcoin seems to be following exactly the path forecasted in this idea. Watch price action closely.
Nice TA thanks , So the Pre-Fork top is the Saturday ATH ?
Antworten
RavenRife RahulBarua
@RahulBarua, We may have another ATH if the pennant breaks upwards.
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