The support that BTC has now found is an uptrend since January 23rd. Loy since March 20 - updated.
The bad news is that while the price is below the EMA of the 50 day TF (currently $64,768) - it is moving towards the EMA of the 200 day TF ($49,624).
For fans of the apocalypse scenario based on moving averages:
- EMA 50 week TF - $42,959.
- EMA 50 month TF - $30,460.
This is if you focus ONLY on moving averages. There are many volume and trend levels along the way.
Liquidations per hour - $570 million, of which $519 million were longs. Per day - $800 million. Of these, longs - $686 million.
