Here is the weekly chart for Bitcoin. Right now it is all about the orange line (EMA200) and black line (MA200)... With these indicators you can have a longer term perspective of what is happening and can also avoid panic: 
Support levels:
Thanks a lot for reading.
Namaste.
- (1) For Bitcoin to continue down/bearish it needs to break and close below the black line.
- (2) For Bitcoin to go bullish it needs to break with good volume and momentum the orange line and close above it.
- (3) This is Bitcoin Made Easy!
Support levels:
Thanks a lot for reading.
Namaste.
Note
Thanks a lot for the support, highly appreciated.Note
Bitcoin (BTCUSD) Price Action Update (4H Time Frame) + XBT LONG Trade: 
Note
MACD bullish crossover on the weekly and histogram turning in favor of the bulls.
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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.