Bitcoin looks very heavy to me. Especially the last bounce off the 34 weeks WMA before the current drop. Usually the market oscillates between the nearest WMAs. So, when it bounces off the 34 WMA most of the times it revisits the 13 WMA. This is what I expected to happen in my previous market update. But it was not the case. Therefore I conclude that we are going to be bouncing around the 34 weeks WMA ( or in your terms 200 days WMA) until we brake below it.