BTC just tested 50 Day EMA and SMA and got support. Next major level to keep watch is the Green box of support. Essentially any daily close below 50 day SMA will be very bearish but since a major level of support is just below 50 K, I am willing to keep most of my position intact until price breaks below 47.5 k. This could turn into a classic fake out/bear trap as price breaks below and closes below 50 SMA for a candle or two and then turns around and takes off. If price even wicks blow the Green support box, I will be out of the market on the first bounce and go in cash, waiting for the next move. There could be a potential bullish divergence if price can claw above March 25 high and could turnaround from there. ADX levels are plummeting, so chances of a huge crash overnight is somewhat diminished, but anything can happen with BTC. This is the time to watch very closely and keep the finger on the button. Good luck out there!!
