BTC Monthly Camarilla Pivots
Btc had a good monthly closure. In my point of view (and based on february generally being a bullish day for crypto historically) We are more likely to see a bounce from either the L3 or even just from the central purple pivot point were we are now (that is the most optimistic level) The projected ranging levels are L3 and H3 so those generally provide a good swing from one to the other. However because Feb is generally a bullish month I would advise caution IF we make to past the monthly H3. A break out from H4 to H5 in my opinion could be a lpossible explosive finish for this cycle. In the same vein be very careful if we fail to bounce off the purple pivot or the L3 on a daily close... that could mean a test of L4 of lower even. Good luck.
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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.