#BTC Daily Snapshot

OUTLOOK: Bearish

Closed below 50DMA and 50% Fib retracement, signaling continuaton of sell-off from $9,990.

5,10 MA and RSI biased bearish.

5-50 bear cross ahead.

Looks set to test $7,800.

Move abv 10DMA would abort bearish view. pic.twitter.com/4UQoqyTV2U

— CoinDesk Markets (@CoinDeskMarkets) May 18, 2018