We need to the close daily monthly CPR above the first support
Updated
The daily candle must regain the first support of the first support of the monthly CPR at 39.1K in order to be able to not signal a huge bearish signal to the market.
Closing below would cause a price cascade to the second support which is located at 32K.
I'm tagging this as bearish as I don't feel like we won't be able to hold 39K, this is my speculation based on how much I trust the stocks/equity market to be able to make a V-recovery.
To me it looks like we will see at least a bit more of blood in the streets.
I'm starting some new bots based on this assumption.
Credits for CPR analysis to CryptoAnup.
Closing below would cause a price cascade to the second support which is located at 32K.
I'm tagging this as bearish as I don't feel like we won't be able to hold 39K, this is my speculation based on how much I trust the stocks/equity market to be able to make a V-recovery.
To me it looks like we will see at least a bit more of blood in the streets.
I'm starting some new bots based on this assumption.
Credits for CPR analysis to CryptoAnup.
Note
Sorry my bad I actually meant this:"I'm tagging this as bearish as I don't feel like we WILL be able to hold 39K , this is my speculation based on how much I trust the stocks/equity market to be able to make a V-recovery. "
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