Gunslinger2005

Gunslinger2005

using weekly pivots / daily pivots. pivot reversion. and diveregence + oscillation

Gunslinger2005

As mentioned in the last post bitcoin would with high probabilities test this monthly pivot. Now that we have and are approaching both weekly and monthly L3... those can be considered potential bounce or long entries. Using level 4 as stop loss. Camarilla pivots weekly and monthly levels with CPR

Gunslinger2005

Green would mean up first then down. Red would be down first and then up. I favor the red first. However no matter which happens first Ithink the monthly pivot point does get struck because historically it does over 95% of the time recieve price reversions using camarilla pivots and cpr monthly levels, linear regression. HH LH LL LH with RSI and oscillators on chart.

Gunslinger2005

notice the monthly pivot "next pivot" coming in at 37k. It is likely price tests the next monthly pivot. how likely? the last 54 of 56 (at least) monthly pivots have had price reversions to. it could come in at a higher point and retrace from higher with this last day of price action though. which could get bullish and raise it up. or it could get lowered....

Gunslinger2005

not out of the woods yet. TD tom demark sequential nearly a 9 sell setuo which often see reversals as the chart can show next monthly pivot coming in a few thousand lower. basic pivot points can show that btc has test the new monthly pivots points from both sides 55 out of 57 of the last months linear regression channel is still down and yet to be broken....

Gunslinger2005

Entry H3. stop loss H4. Target L3 or lower. it might breakout beyond that. Just a possibility camarilla pivot points. daily levels If it breaks H4. enter on retest. stoploss H3. Target H5 and H6

Gunslinger2005

we have developing weekly pivot around 2k lower than current price. over 90% of the time when price opens far from new central pivots on daily weekly and monthly levels... price sees a reversion to those levels. that does not mean it happens from here exactly. and price action before weekly close can both raise or lower where that level is on the close. just...

Gunslinger2005

Camarilla monthly pivot levels + trendline. Daily close above L3 I would expect Green path to play out on lower timeframes. Close under and I would expect retest of L4 and red path

Gunslinger2005

I also recently posted a more hopeful point of view on the weekly chart. This one is worst case scenario. If btc breaks the L4 monthly it is possible to reach the monthly L5. for that setup would like to see a daily retest on the L4 with a stop at the L3.

Gunslinger2005

on the monthly camarilla pivots btc has a chance as long as L4 is not violated. Also there is hidden weekly bull divergence Potentially in line with rsi creating a higher low if that happens. For it to be meaningful would want to see L3 reclaimed. and L4 unviolated

Gunslinger2005

Basic camarilla pivots stradegy on weekly levels. entry L3. target H3 or above. stoploss L4

Gunslinger2005

Entry on L3 bounce or if lost entry on reclaiming it. stop loss around or under l4. Target H3 and above. Camarilla pivots weekly levels

Gunslinger2005

It is a "potential" reversal point. So keep an eye on it. the monthly L3 with a stop loss maybe halfway between the L3 and L4. daily is oversold. Fear is high. I am not sure how many shorts are stacked but the market has gotten pretty bearish. So keep an eye on this level Also I notice the cpr (purple lines) are quite wide which indicates ranging behavior. It has...

Gunslinger2005

Want to draw your attention to the purple line. the cpr or central pivot zone. notice how price reverts either direct to strike these levels reguardless if price continues or reverses. This same thing happens on daily cprs, weekly, and monthy cpr with over a 90% rate of occurance. This chart is projecting the future weekly levels. it is possible that the...

Gunslinger2005

Stop loss at L4. Entry on L3. Target H3. Extra targets for longer positional trade if successful are labelled on the chart

Gunslinger2005

With a tight stop loss on the weekly L4 it is possibly link maybe have some mean reversion upward based on a combination of camarilla weeky and monthly pivot points levels. Would want to see it maintain and have a reaction from the L3 levels. also oscillation is low. A tight stop is potentially a good setup for this historically bullish asset

Gunslinger2005

Daily chart. with monthly cam pivots. So long as it can bounce off of or hold above the monthly L3. It might be a good entry position after some long consolidation. It is worth noting that the weekly stop loss level for those wanting a stop loss (aka level L4) is around 4.28. For those who want to run a tighter risk reward trade Also a wide cpr and untested...

Gunslinger2005

As along as it stays in the regression channel and above that monthly H3. LTC looks like it could be in a healthy good consolidation for future upward movement. It also has a wide cpr and untested monthly pivot / cpr. the wide purpe levels indicate ranging behavior and an untested pivot shows likely reversion the mean. these are monthly camarilla pivot levels