![Skjermbilde 2018-05-08 kl. 13.23.03.png](https://cdn.steemitimages.com/DQmQW3buTkwRxvocJcUz3v7Pjym5SnBkFTT6JXfrzVpe9se/Skjermbilde%202018-05-08%20kl.%2013.23.03.png)



Follow me @steemcharts for daily updates on BTCprices. If you want more charts and more in depth info, please join our Discord server [Crypto&Chill](https://discord.gg/KjAb5UF)

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>Disclaimer: This is not investing advice. These charts are for fun and beginners.  An easy to understand basic introduction to charts.

 
## BTC

![Screen Shot 2018-08-11 at 11.41.50.png](https://cdn.steemitimages.com/DQmSRF8GrzJjqvbVgWwiLQmFjWiBCdfrgE48pRJnpzN1uxu/Screen%20Shot%202018-08-11%20at%2011.41.50.png)
> Daily chart

No surprise we are going down as expected, although a little surprised it happened so quickly. I think we will recover a little bit as we hit some support as well as long term bullish trendline. But I am pretty certain, unless something fundamentally changes in the market (such as an ETF approval) we will continue to head lower before the end of the month. Total Market cap for Crypto is nearing incredible 200 billion. That's 100 billion less that what BTC alone was in December. We have wiped out 600 billion in the past 8 months. 

If we zoom out a little bit and look at the entire year (from august 2017 to august 2018) on the Daily chart we can see that we are not yet bottoming out. We could fall as low as $3500 IMO, and possibly even lower. Who really knows. But we operate with probability, and If I were to buy I would put in 1/3 at each of these support levels. Meaning at $3500 I would be all in. Regardless of the possibility of a further decline, I think all these prices (6000,5000 and 3500) are good buys. 

Of course not investing advice, just my personal opinion

![Screen Shot 2018-08-11 at 11.48.17.png](https://cdn.steemitimages.com/DQmPLw1ouEtETVuriCWw5Y4fFFhNRB14ExfwERux8HgfYaN/Screen%20Shot%202018-08-11%20at%2011.48.17.png)

 




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