BTCUSD Daily Chart update - May 22, 2018

https://www.tradingview.com/x/3xGiH03x/

The price got reject two days in a row at $8,600. We are on a TD green 3, but fell bellow the cloud again and retesting support at $8,200. RSI reversed down, MACD flattening and bellow 0. Bellow $8,200 we are going to make new lows for this leg and head towards the $7,600-7,800 area. Only above $8,400 will give us another chance to retest the $8,600 area. Price is bellow all moving averages which are now stacked between $8,600 and $8,900.
Overall we are are still in a down trend and only above $9,000 will give us some signs of a reversal on the large time frame.

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