Bottom EMA Level Repeat for Bitcoin?

Bitcoin has dumped, but maybe hold off longing at these exact levels. The previous dump went to the bottom of the EMA ribbon, at was about 31%, and if we repeat the trend here this dump may still have some steam left. Although it is suspected that a Kraken price-matcning glitch was responsible for the flash wick down to 47k, now there is a genuine selloff happening that has turned Bitcoin bearish for the short term. If we are hitting the bottom of this EMA ribbon, around 39-41k, this could be a great entry price for a long position, based on the assumption that the bull cycle still has a lot of steam left.