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Detective_Conan

BTC/USD possibly going for a another 8,000 retest.

Bitcoin (COINBASE:BTCUSD)  
Detective_Conan  
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTC BTCUSD btcusdforecast btcanalysis bitcoinanalysis btcforecast bitcoinforecast
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We've broke through our 200 SMA (red), 12/26 EMA( yellow/purple) which tested as resistance on the 1 Daily Chart. Could be good confirmation for some more downside action. There's a pretty good chance we go back to restest our
8,000$ support. Only support I see holding as of right now is our 50 SMA (green) which I don't find to be strong in the past. We could potentially get a bounce within our green rectangle with S1 as support/resistance line.

A good confirmation for action to the upside would be when we can break our 100 SMA (orange) and act as support, but as of right now it's very strong resistance.

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