Bitcoin (BTC / USD) New Breaks MA line of 50 Daily- Bad signal or Fakeout?

The price is below the MA of 50 1D periods, in previous days the price has made a fakeout but today it seems to be different.

Let's see

As we see in the past the last times that the price has broken the 50-period daily Ma average line has not been a good sign.

Analyzing the graph we see that in past opportunities when breaking it has indicated corrections between 12% to 62% in the last opportunity.

In previous days the price has fakeout, and has closed above the middle line

But what it has in particular is that today it begins is that the candle begins to form below the average line of 50 periods

Which gives more possibilities for the price to close below the midline, which would be a sign of a deeper correction.

What possible good supports of the price before a correction of the price of Bitcoin?

Bearish

Target 1: $ 8600 dollars approx.

Target 2: $ 8100 dollars approx.

Target 3: $ 7400 dollars approx.

Target 4: $ 6500 dollars approx.

What you think? Will the price make a slight or deep correction? From making a deep correction to what price do you think it could come?

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Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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