BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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BTC fell down out of the bear flag (1hr chart) and closed below the 200 SMA on daily which is NOT GOOD. Support is holding at 7k right now. If we fall through 7k next support is $5,500 and then all the way to 3k. 50 SMA is headed for the 100 SMA . Breaking the 100 SMA will be a very bad sign. Nothing is showing reversal at this point. Macd still very bearish as well. SEC will be talking to the senate about more regulations tomorrow which could cause some more panic selling. I hope some people listened to me and pulled profits into fiat for these dips!
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