slip_stream

BTC/USD to fall lower and maybe bounce off the 50 DMA or necklin

Long
BITFINEX:BTCUSD   Bitcoin
Prices are approaching the 50 DMA, which historically has provided suport to the price. Furthermore the 50 DMA is also converging with the neckline to add further support to this level being a suport level for the price. Additionally the RSI also has found support at the level it would reach when the price reached the 50 DMA. This sets up the following: prices will continue to fall to the 51k-49.75k level with would be a support zone.
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