one thing is for sure, you can not use Technical Analysis, Moving Average,... to predict bitcoin. bitcoin will move on its own accord. your TA may sometimes work but most of the times it won't. right now this is all unexpected, the FUD and the dumpings are crashing the price and it will continue to do so until the two opposite forces (the other is the buy support) cancel each other and price reverses back up until next FUD.
If anything TA helps you pick spots to buy..as opposed to buying each time the price drops a few hundred bucks.
Don't be so quick to cast away TA as it certainly plays a part in helping create buying targets on a drop like this.