Gunslinger2005

Gunslinger2005

It is no secret btc is in a hyper blue sky breakout right now. It could very well break the H4 breakout level and continue to rally to higher points. I am presenting this along with the possibility for a pullback to weekly L3 and purple central pivot point which would be an ideal area for new higher low and support should bitcoin pullback. Trade safe as these are...

Gunslinger2005

As observed on the chart btc often tends to find bullish support and momentum around the L3 and L4 levels and resistance at the H3 and H4 Camarilla monthly levels. If this bullish trend is to continue an ideal place for bounce and continuation would be the purple Pivot and L3. A more risk or scary place would be a wick or fast move to L4. A break down would be...

Gunslinger2005

Ideally if we are going to see a higher low and continuation on btc it would come from the central pivot (purple level) or the L3. Invalidated with a daily close below L4. Target would be H3 if it plays out.

Gunslinger2005

Well BTC was a long on the L3 monthy... as it often is. now we are approaching H3 which often finds resistance. Possible we remain sideways and have some pullback from these areas. However if we do coninue to rally past monthly H4 in near term... I would watch out for much more upside. possible to even test monthly H4 at least if we close daily above H3

Gunslinger2005

Possible continuation from L3. Deeper correction pending break of L4

Gunslinger2005

I think extension of this bounce is likely. potential long from L3 to H3/H4

Gunslinger2005

I would watch the L3 for a bounce and be careful of a break or a bounce of the L4. BTC loves to touch these levels. I circled a few eamples of the last few months

Gunslinger2005

I think btc has a chance of rising from both here (the monthly central pivot) as well as the L3 which could very well wick lower. However as long as we do not violate L4 I think we are still in the same range and structure. I am not convinced this range break either direction this month.

Gunslinger2005

While many believe we are in a current bear market now I think by definition it cannot be considered true. We have a lower high but no higher low. We are still in the same range and consolidation that we have been in for months. over the last couple months the monthly Camarilla pivots have been exceptional. last months H3 was 71.8k. The month prior L3 was 56.8k. ...

Gunslinger2005

Here are the monthly Camarilla pivot points for Bitcoin. Some potential levels of entry and exit to manage a positional trade. (in this situation it would be a long trade)

Gunslinger2005

IF the trend will continue this could be an area of opportunity. we will have to see how the coming week behaves.

Gunslinger2005

Previous Idea was that BTC was a buy on monthly L3 with targets of H3 and that was fufilled. At the current time I see two possible scenarios for bulls A. IF btc continues bullish and rallies more this month we could possibly see H4 break and make its way towards H5 B. IF btc runs sideways for rest of may we might find a new higher low buying level on the next...

Gunslinger2005

Here are some levels of interest that can help us find if we make a higher low, new low, or new highs in this weekly period. L3 to H3 represents projected range. L4 and H4 are breakout points to upside and downside.

Gunslinger2005 Updated 

will see how the market handles it. these are camarilla pivots on the monthly levels

Gunslinger2005

Strong chance for a bounce from this current level. watch out if the level of L4 is lost. New monthly camarilla pivots on the monthly time frames. L3 and H3 are the projected range high and lows

Gunslinger2005

For bullish bottoming case. Would like to see it move up from these regions and L3. beyond H3 and purple level could see higher. Under L4 and new lows are possible

Gunslinger2005

Take these with a grain of salt. H5 is projected target of breaking H4 with camarilla pivot points on all time frames. We can see the yearly breakout target is around 115k. The chart proposses 3 paths. The yellow one suggests there is a new low and retest of H3. The green suggests we remain about H4 and continue onwards through the year. meaning we have a shorter...

Gunslinger2005

Reasonable levels and possible reactions from them. Might see sideways on yellow path. Faster bullish on green. More correction on red. Personally I think a test of L3/purple pivot point and bounce upwards is reasonable.