BTC UPDATE 2
#BTC UPDATE 2 :
In 1D TF already aware about CPR Indicator, The Price of bitcoin is still below CPR lines and these CPR lines are very very important lines of resistance so we have given update if the price of Bitcoin wants to show an actual movement upside first we have to overcome the upcycle between 20800 to 22000 range only after flipping that radiations into support only about that impulse movement towards monthly R1 line which is around 23600 area but as long as we are going to remain below CPR Lines could trigger downward direction because already updated in BTC UPDATE 1 worst case scenario, If we look price action of CPR line S1 around 17900, S2 around 15900, S3 around 12300 area so that is worst case scenario could be on the line but for that we still have a lot of time.
In 1D TF already aware about CPR Indicator, The Price of bitcoin is still below CPR lines and these CPR lines are very very important lines of resistance so we have given update if the price of Bitcoin wants to show an actual movement upside first we have to overcome the upcycle between 20800 to 22000 range only after flipping that radiations into support only about that impulse movement towards monthly R1 line which is around 23600 area but as long as we are going to remain below CPR Lines could trigger downward direction because already updated in BTC UPDATE 1 worst case scenario, If we look price action of CPR line S1 around 17900, S2 around 15900, S3 around 12300 area so that is worst case scenario could be on the line but for that we still have a lot of time.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.