Possible for Scalp Short and Swing Long Setups. BTC got support from 24800 which is a Key HTF SR Flipped level. Now to strengthen its journey towards late 20s, it must retest last resistance successfully.
Bitcoin just successfully tested the most important support level of 25350. Volume which was in declining trend since the FTX crash has now reached lowest levels and started to bounce back. This definitely seems to be the last good buying opportunity before the next possible explosive move that will happen once volume starts rising.
BTC PA Forecast HISTORIC REFERENCE • 50W and 100W EMAs have collided in past also. Every time they have collided, historically a clear bull run starts within 1 month. RECENT FIRST TIME EVER EVENTS • 400W EMA Slope, which was in uptrend since beginning of BTC history is now nearly at 0°, which is flat. We are experiencing this first time ever. There is a very...
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.