BTC Update 3rd of August 2018

BTC Update 3rd of August 2018

Bitcoin / Tether USD POLONIEX:BTCUSDT


These days we see a lot of people claiming that we are bullish
In my opinion we entered the downtrend channel again after a fake breakout on the daily close.
When we following up the daily close bottom line we will meet at 5500 USD again in some days.
At the moment we are touching the 0.5 Fib level which is a well known resistance for Crypto. Either we will see a real bounce on it or we are just following up the trend down
Additionally it looks like that we are still balancing the big spike of last year until we really finally can open a new trend ( hopefully soon)

Thats all so far in a short way