Bitcoin 4 Hour shows a short term down trend

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Bitcoin (BITFINEX:BTCUSD)

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BITFINEX:BTCUSD Bitcoin

trendanalysis chartpattern indicator btcusd bitcoin

The 20 MA crossed over the 40 MA and that indicates a short term down trend. If we break $9000 I believe we could see another bounce of the trend line support at $8700 on or around May 11th roughly.

Commento:

Trend support was broken, and now we will go down further. Next support is roughly around $7200, but I don't think we will go that low, what's more likely is $7800. I think we will see this in the later part of this month 5/20

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