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CPR

Why I think 25k and 20k is not unrealistic for BTC / Bitcoin25k and 20.5k are the Untested Monthly and Yearly Pivots (purple lines). Which will have magnetic properties if not met with healthy correction. I will go into details on the other pivots On the charts I have camarilla pivots. Which take previous time frame price action and projects the target range and breakout levels for the new time frame. L3-H3 is projected range. H4/L4 are stoploss/breakout levels. H5/L5 are breakout targets. The general strategy via intraday is to short H3 rejection or loss or Long L3 for other side of the range. Or play the breakout to 5 if the 4 is broken. These have daily / weekly / monthly / and on this chart I will show the yearly levels. There is much talk of the big money buying and stuff. yet the top of the last year was projected by algos to the dollar on the Yearly H5... 365 days prior. during covid scare even. My point in mentioning this is that there seem to be some algo habits that correlate with a history of price action in the market even on these macro levels. The purple line. Is the central pivot. It acts as a magnet until tested. and once it is tested it pushes price away like a magnet flipped. It is the buy the dip or sell the rip location. On the monthly levels you will find price action comes to the new monthly pivot nearly every month. And surprisingly the yearly Pivot the last 7 years (probably every year) The way it looks now on the yearly levels would be an H3 to L3 range reversal to the Otherside (L3 and Pivot) AS LONG as the yearly H3 and H4 remain rejected. IF you are bullish. Be careful of price losing the monthly H3 at 32200. On the weekly levels, the current Pivot is being rejected so far around 36000(about the same as the monthly H4 breakout level). That is the next resistance. However, then would need to break the Yearly H3/4 to actually achieve new highs. Based on the history of algos and price action reversion to the mean Pivot when it gets ahead of itself I would be hard-pressed to believe we do not test the monthly Pivot 25k (for the first time in a couple years) nor the yearly pivot (for the first time perhaps ever.
COINBASE:BTCUSDShort
by Gunslinger2005
4
very large drop coming for Bitcointhe coming monthly pivot at 25k and the yearly at 20k. the last 24 or more months have tested monthly pivot when opened far from price. the last 7 years have done the same. I early called for 14 to 18k because I didn't actually expect the monthly H5 target would be hit by close. but it has. and so these are the places of correction. If you think it cannot happen... that is more than likely why it will. no trolling please. and congrats on people who caught the whole long up
Short
by Gunslinger2005
7
BTC/bitcoin to 16k in Q1 2021. yearly pivotsLets look at what the price did the last 6 years when btc opened up a new year with an untested yearly pivot. 6 out of 6 of that year almost immediately started their rise or fall to test the pivot. This is despite whatever excuse for why that cannot happen now. even with that panic fall in 2015. the very new W2 wick went up and struck it on the dot. This is before and after futures market. Despite news no matter if it favored or was counter-intuitive to a trend at the time It is simply algo behavior on a larger scale. If TA is supposed to use the history of price action to determine future price action... 100% of the time something happening is probably worth paying attention to. Supportive points. The higher timeframe oscillations are very high. several unfilled gaps and a fib retrace also lines up in that area. huge bearish divergence on bi weekly chart If wrong. and the price takes out the previous high on a closing basis and if by some long shot we take a last move up to 29k by monthly close.... the next yearly pivot would be coming in around 20.5k..... still 3.3k lower than here and much further from there. That being said. I see no conviction for being bullish in terms of spot or margin in this point. even if we moon to 29k.. history suggests you will still get a better price than the current one here. good luck all
COINBASE:BTCUSDShort
by Gunslinger2005
1
All camarilla timeframes BTC trade assessmentDaily levels hourly chart - if broken H4 and closing above it opens up H5 and would activate the weekly setup. If rejection here at H3 might be an intraday reversal to L3. Oscillation is alright but reaching high on hourly Weekly levels 4hour chart - With the Bounce from L3 and Pivot that typically means a reversal towards the H3 or above. I would wait for daily levels to confirm and play with caution due to oscillation being high and still room to go down. but mostly because of the note at the end Monthly levels Daily chart. - A breakout trade could be activated to H5 around 29k if H4 was broken with a daily close and conviction. The typical stop for this intra month setup is at the H3 however there is much risk. due to note at the end, wide stop damage, and the oscillation is quite high. Note. The developing yearly pivot point is currently calculated at 16k region. and every yearly pivot point ever has been tested and usually in Q1 after level is fixed. This puts much risk towards upside intraday and intra week plays. The typical ways to trade camarilla pivots. L3 to H3 is the projected range based on high low open close and range of previous timeframes. look for reversals on them to the other side with a stop on H4/L4. Breakout plays are the breaking of H4 and L4 with targets to H/L 5-6 with a stop on the level 3. good luck
by Gunslinger2005
1
The BTC price next movementHello, dear subscribers! Last time we told about possible BTC price movement scenarios. The first one (green line) demonstrates that the price could rapidly break through the CPR R2 line and reach the $28000. The second scenario reminds the most likely to happen. The price bounced off the CPR R2 level twice and decrased to the CPR R1 level. After it bounced off the this level because it is the strong support. Globally we have the ascending trend channel breakout at 16th December and today there was an attempt to re-enter to this channel. We assume that the price will try to re-test the $24000 level and can break it through.
COINBASE:BTCUSD
by Skyrexio
1
BTC short. weekly monthly yearly pivotsevery monthly pivot this year has been tested. all BTC yearly as well. weekly coming in at 22k monthly at 21500. yearly at 16k area. this. weekend could pump. but as these new pivots appear and are untested.. they will be algo magnets for price action. they will hit as they usually do. from where is hard but could maybe use camarilla monthly H4 to manage risk. on the chart. or for tight stop the daily H3 around or above 23390.
Short
by Gunslinger2005
4
BITCOIN IS GOING TO 14k with yearly close.I did the calculations. The developing yearly Pivot for bitcoin is now 14.4k. even if we closed year at 22k. the pivot would still be down at 15k. Now I have circled the last 5 out of 6 years where bitcoin open away from its new yearly pivot. It can be seen that price was magnet pulled to the pivot. and usually early on as well. This is something that happens with every monthly weekly and daily close on most assets across all markets with closures ad untested pivots and it is baked into the very algos of the markets. I think It will be inevitable unless we pump up 10k high by yearly close. then maybe we could retrace to where we are now
COINBASE:BTCUSDShort
by Gunslinger2005
5