What's happening to Bitcoin? $5900 incoming?

Here's my idea on the recent Bitcoin dump. Looking at all top's there will be a little pump to $7200 zone followed by a bigger drop, forming a copy of all previous corrections. With the eye on the CBOE ETF and the timeframe I think BTC will test the $5900 range one more time. If the ETF get's approved new money will enter the crypto space ending the bearish market. If the ETF get's rejected i expect a little dump and BTC will continue the bearish pattern until 2019.

Just my two cents, let me know what you think!