BTC stopped at SMA 200 daily and .....

BTC stopped at SMA 200 daily, and rebound at fibo 50. and trying to reach fibo 38.6, for another downtrend to fibo 61.8 .

SMA 200 daily is the important level to be watched. if this level breaks down, the downtrend is become confirmed as long as the trend is below the SMA 200.

SMA 200 daily become the strong support also happened when BTC reached 29K.

Watch also the slope of SMA 200, as long the slope is still up, the trend is still bullish.

The low risk for entry is when the slope is flat, and there is a bullish candle coming up.