This is a Similar setup as in OCT 2018 where BTC dropped below the MA200 (blue line) on the 3 day
BTC then attempted to move back upwards only to be rejected at the MA50 (the Yellow line ) and then drop a whopping 50% to the MA600
In the current May setup the MA50(yellow line) is at the 43000 area .
So to avoid a repeat of the 2018 scenario we'd need to see BTC close above the MA50 (yellow line ) at around 43000 .
Such a good move can then lead to the next target of 52k .
What if BTC cannot move above the MA50
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if BTC is unable to move up above the MA50 (yellow line) things become challenging.
For starters we could then see a drop to the next support at the 33600 area followed by another move down to the MA600 at around 24k. This is also shown on the graph below .
BTC then attempted to move back upwards only to be rejected at the MA50 (the Yellow line ) and then drop a whopping 50% to the MA600
In the current May setup the MA50(yellow line) is at the 43000 area .
So to avoid a repeat of the 2018 scenario we'd need to see BTC close above the MA50 (yellow line ) at around 43000 .
Such a good move can then lead to the next target of 52k .
What if BTC cannot move above the MA50
=================================
if BTC is unable to move up above the MA50 (yellow line) things become challenging.
For starters we could then see a drop to the next support at the 33600 area followed by another move down to the MA600 at around 24k. This is also shown on the graph below .
Note
Combining both lines is messy but gives a clearer picture below 
Note
Stop should be set at 37K .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.