BTC UPDATE
#BTC UPDATE 1 :
In 1D TF According to September CPR now we have new price target for bitcoin because CPR lines are leading lines i mean leading indicator also called pivot point actually makes a lot of sense so since the price of Bitcoin is clearly below CPR lines top CPR line, Bottom CPR line and Top CPR line, For short term price can show some range bound and impulsive movement towards bottom CPR line before choosing trend direction because it is clear forming V CPR means the price of Bitcoin is choosing a trend direction without touching any CPR line so in most of the cases price first touches CPR line before choosing a trend direction that's why right now the top CPR line and bottom CPR line around 22300 to 20800 is definitely one of the most important resistance line for bitcoin and if we have to impulsive movement than we have to flip all CPR lines into support otherwise this is going to be fake out like shown in chart in downward direction and 1st monthly S1 Target is lying around 18000.
In 1D TF According to September CPR now we have new price target for bitcoin because CPR lines are leading lines i mean leading indicator also called pivot point actually makes a lot of sense so since the price of Bitcoin is clearly below CPR lines top CPR line, Bottom CPR line and Top CPR line, For short term price can show some range bound and impulsive movement towards bottom CPR line before choosing trend direction because it is clear forming V CPR means the price of Bitcoin is choosing a trend direction without touching any CPR line so in most of the cases price first touches CPR line before choosing a trend direction that's why right now the top CPR line and bottom CPR line around 22300 to 20800 is definitely one of the most important resistance line for bitcoin and if we have to impulsive movement than we have to flip all CPR lines into support otherwise this is going to be fake out like shown in chart in downward direction and 1st monthly S1 Target is lying around 18000.
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