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BTC - Possible Bottom Formation in Progress
Confluences
- 400W EMA stands unbreached.
- 300W EMA was successfully recovered last week.
- Yesterday, 20K acted as strong resistance to a huge sell-off.
- Distance between 50W EMA and 300W EMA is now reaching historic "repelling distance".
- Double bottom tap at 18,500.
- Trajectory of 50W EMA is smoothing out.
- 400W EMA stands unbreached.
- 300W EMA was successfully recovered last week.
- Yesterday, 20K acted as strong resistance to a huge sell-off.
- Distance between 50W EMA and 300W EMA is now reaching historic "repelling distance".
- Double bottom tap at 18,500.
- Trajectory of 50W EMA is smoothing out.
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