We need to the close daily monthly CPR above the first support
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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.
Commentaire
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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