BTC UPDATE 2
#BTC UPDATE 2 :
In 1D TF yesterday discussed in our Updates about this falling wedge, Exactly as predicted some sort of relief rally towards the CPR line because these CPR lines is V-CPR , V-CPR Usually attracts the price because the price had not touched CPR lines. And if the price of Bitcoin wants an actual bullish break out here than we have to overcome this obstacle 20800 to 22300 area until this is going to be acting as a resistance any sort of impulsive movement upside till be looked as a fakeout and again getting gravitated towards monthly S1 line. But now if we look at where we are hovering 20600 is exactly is going to be acting as resistance because it was previously support line now act as resistance for Bitcoin, We are well prepared if this resistance going to remain then we could getting gravitated towards lower line area like i shown in chart corrective movement.
In 1D TF yesterday discussed in our Updates about this falling wedge, Exactly as predicted some sort of relief rally towards the CPR line because these CPR lines is V-CPR , V-CPR Usually attracts the price because the price had not touched CPR lines. And if the price of Bitcoin wants an actual bullish break out here than we have to overcome this obstacle 20800 to 22300 area until this is going to be acting as a resistance any sort of impulsive movement upside till be looked as a fakeout and again getting gravitated towards monthly S1 line. But now if we look at where we are hovering 20600 is exactly is going to be acting as resistance because it was previously support line now act as resistance for Bitcoin, We are well prepared if this resistance going to remain then we could getting gravitated towards lower line area like i shown in chart corrective movement.
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