A few days back BTC was above the key dynamic support provided by the 13 weeks WMA and all my projections at the time have been built assuming that it will hold. But since it didn't, now it became a pretty strong resistance. Furthermore, in corrections the market tend to oscillate between 3 major WMAs. So, since 13 weeks WMA gave up the next one - i.e. 34 weeks WMA will be in line to take charge.
RE: The key support is broken