BTC long term

6 Ağu 2018

I am in no way a professional but these are my thoughts: I think there is a pretty high probability that we are going to 5.8k where there will be a big fight between bulls and bears. This since we dropped pretty hard from the 8.5k level and the bounces were rather week even now with bullish news. In addition to that I don't see the ETF getting approved for now. So I think we can expect a bounce to the 7.4k level but dump afterwards. Since we have tested the 5.8-6.0k range a few times I think there is a higher chance this support level will break and we will go to the 5k level which for me has a high probability of being the bottom since this is where the gan fann, fibb, trendline and previous resistance(turns into support) interfere(and 5k is also a psychological level). I hope I'm wrong about this bearish view and want to repeat myself that I'm a novice so tips and arguments are welcome and appreciated.