H3 to L3 for bears. invalidation with daily close over H4. H4 to H5 for bulls. only valid with daily break and close with retest above H4. stoploss at H3 if qualifies.
The last 4+ years have only ever seen 2 months NOT have price test their monthly pivot points (which is around 57k) those months were January 2021 and December 2017. It could always happen a third time. I am just saying... that is over 95% frequency. Easy enough to backtest with standard pivot points monthly levels. P.S. This does not mean it must happen...
I believe it might go to 57k. but from where is harder to guage. could manage risk at the weekly H4. With optimal entry at H3 area The reason I believe it will go to 57k is because that is the new monthly central pivot point area. And over the last 4 years or more... only TWO months did not see price test the monthly pivots. However if the Weekly h4 is broken...
Entry L3. stop loss L4. Target H3 and possibly beyond if it is gonna bounce it would be from here. If it breaks L4 expect lower prices setup with camarilla pivots weekly levels
weekly camarilla pivots. If rejection at H3 short to L3 stoploss at H4 If broken H4 long to H5 and beyond stoploss at H3 If broken L4 or still short from H3 target to L5 stoploss at L3. If H3 rejected and bounce on L3 long to H3 to H5 stoploss H4
only possible is all. entry is a rejection on hourly from H3 or central purple pivot. Target L3 to L5. daily camarilla pivot points. stop loss H4. could happen. lines up weekly levels
We could see a retrace from around here at weekly H3 to L3 based on weekly camarilla pivots. this is invalidated by breaking above the H4 also worth mentioning we have both a 4hour AND daily TD9 sequential sell setup. I dont want to be the bad guy and I do think we can get a little more upside action. However with the current market overconfidence I do not...
entry on rejection of H3. target L3. stoploss H4. camarilla pivot points daily levels
Previous chart I posted suggested potential move from L3 to H3. we got that which offers two potential setups from here Hourly break and close above H4.. go long to H5 and or H6. stop loss H3 Hedge short at H3 with target to lower 50k or back to L3 with stoploss at H4 camarilla pivots intraday levels
entry on hourly closev above and near L3. target H3. stoploss or invalidation level L4 daily camarilla pivot points
it could sell off from around weekly H3 to weekly L3. weekly camarilla pivot points weekly levels. intraday has a bullish setup as well. careful either way
Targets and stoploss on chart. canarilla pivots intraday levels. risky in this region. however could exceed targets if it plays out for mid term. if it losses H3 expect revisit to L3
entry weekly H3. target weekly L3. stoploss weekly H4 done with weekly camarilla pivot points
weekly and monthly H3 with potential to reverse to their L3 levels. tight stop weekly H4. wide stop monthly H4 analysis with camarilla pivot points weekly abd monthly levels
Monthly camarilla pivot points. entry on rejection of H3. stoploss H4. Target L3 seems bullish but could be another down here
close hourly candle above H4 target H5 and H6. stoploss H3 Close hourly candle below L4 target L5 and L6 stoploss L3. bounce off H3 to downside or L3 to upside target the opposing level 3 with a stop at the level 4 on which you entered Bitcoin is in a place right now where it could swing both ways. If you are day trading an hourly close with these setups on...
based on the logic that the next developing monthly pivot gets hit (as it has the last 48 out of 50 months at least). However this level is only confirmed when monthly closes. price could rise in the next day or drop also altering its development. However based on the current consolidation and price action that is where it is now. It coincides with the weekly...
camarilla pivots monthly levels. entry L3. stoploss L4. target H3 and/or above