BTC BEARISH SCENARIO

1 באוג׳ 2018

BTC may be on it's way down. The bulls who would have been buying for ETF hype have already FOMO'd and been sold into. The FUD Winklevoss ETF announcement cooled down the market right as we met the 200 period EMA and the .382 fib level from the last run upward.

Unless there is some kind of news event that causes people to FOMO, we may have seen the end of this pump and are in the decline to the 5K range.