![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)

Please leave a comment and an upvote as well! 

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

 
## BTC

![Screen Shot 2018-08-08 at 10.26.35.png](https://cdn.steemitimages.com/DQmQNTZerqz4HkDUJxwdCAqVS6jskkQutmjmzKVE8PBhKoc/Screen%20Shot%202018-08-08%20at%2010.26.35.png)

As you can see we have fallen from yet another lower high, and heading towards a lower low. Twice before in this bear market we have fallen 41% from the lower high then corrected around 30% before starting to fall towards new lower lows. We had to break above the fib 38,2 to get out of this trend, but we could not and started falling on bad SEC news yesterday (which I think was coordinated and known by big players in forehand) 

 Now I am looking at $5000 level which should happen at around the beginning of Sept. Then a correction towards that $6000 level which then will be the 31,8 fibbonacci retracement. 

Unfortunately that's how pessimistic I am right now. I think that there is a 60-70% likelyhood that this scenario will play out. Luckily this is only predictions and I do hope that I am wrong! 

 




<div class="pull-left">https://cdn.steemitimages.com/DQmboPPj7ANnhDZi2a4ze3skdZpZZzjQik7RVqB6kGBTkHF/Crypto%20&Chill.png</div>

> Do you want charts on more cryptos? Join VIP groups at  [Crypto&Chill](https://discord.gg/KjAb5UF) , a Discord server dedicated to anything and everything Crypto. All VIP's get access to several other charts (EOS, STEEM, ETH etc) We have developers, Crypto maniacs and traders hanging out. We share referral programs and your steemit posts. You can buy/sell digital assets using high rep Steemians as Escrow, talk to developers, ask questions etc.  Arbitrage from skilled people in the space. 

>Need a Steemit account? We can help you create one directly on the Blockchain. You can change the owners key immediately after receiving access to the account. https://discord.gg/KjAb5UF