I put the call to actions on the chart. Using a combination of daily and weekly camarilla pivots and the cpr central pivot range. Wide cpr says that a ranging day is more possible than not as the lower timeframes are oversold reguardless the stop loss levels are pretty nearby so if it broke up the stoploss is tight. Breakdown levels also provided
upon the weekly close we may see at least a couple thousand drop to test new weekly pivot as we normally get the test. is might come from around these levels or wherever that developing h3 pivot comes in upon the closure
entry l3. stop l4. target h3 and above. using camarilla pivots daily levels
enter for long on l3. stop on l4 target h3 to h6 enter for short on breat and retest of l4. stop on l3 target l5 and l6 camarilla pivots trade setups
Looking a little sketchy on weekly cam pivots with regression channel. could swing either way just be prepared
As you can see we found support on current weekly pivot and are consolidating between the daily cpr purple lines and the projected range high h3. this is a tight zone and daily range is narrow. not really worth it. however upon breaking daily h4 or weekly h4 we could see h5 and 6 on daily levels or weekly h5. upon losing daily l4 we could see daily l5 and l6. IF...
with the development of incoming higher monthly pivot and cpr ahead which gets reversion 42 of the last 44 months.... at least. I think it is safe to say there will be a reversion bounce up to at least test it. However those points are not set in stone until monthly close. if I had to pick a place from where the bounce happened. I would say the new weekly L3 or...
if price breaks and holds the l4. targets would be l5 and l6. stop at l3. WAIT for confirmation
we got a test of new pivot on weekly levels as we normally do when opening far from it. the question is do we visit anticipated range of L3 or H3 first. very often the first one visited is a fakeout and ranges to other side lets see.
right now btc is in a possible range reversal down place. However if btc breaks abd retests or holds the H4 on even an hourly. Based on camarilla pivots the stradegy would be to long with stoploss at h3 and target h5 and h6. If you need a short hedge the play is,l to short loss or rejection of H3 with stop at H4 target L3 and possibly lower
generally untested pivots on daily weekly and monthly get tested and on camarilla pivots generally the first move in new,levels to h3 or l3 are a fakeout and will at e very least the opposing range side. in camarilla pivots the h and l 3 levels represent prejected range top and bottom based on previous high low and open close for the levels being used. in this...
I would be expecting a technical bounce to at least 48 to 50k as the developing weekly pivot will be like a magnet. using weekly cpr and camarilla pivots
Stop loss L4. Target H3 to H5. Camarilla pivots weekly levels. stop loss could be at daily l4 at 9 cents if you wanted a wider stop
using camarilla pivots and tight stops for good risk reward ratios. you want your tight stop to be on daily l4. and loose stop on weekly l4 or under weekly pivots. targets are daily and weekly H3 to H6 levels. can scatter your take profits and split your stop loss if ot works for you
be on alert for one of the following. new pivot likely gets struck
stop loss at H4 or just above. target l3 or pivot camarilla pivots and cpr levels being used in chart. entry optimal at h3 and would want to see it rejected or over taken and then lost. intraday day setup only
there is still a day or so to make a stab at 3k. however even if it does the monthly close will leave a several hundred dollar lower developed pivot which historically btc and eth love hitting after closures. It is also worth noting that the developing pivot range is wide. indicating potentially a ranging territory for the next monthly levels. all and all maybe...
it could go a bit higher. but expect at least a couple thousand flash down move to new daily pivot coming in next few hours. if not shorting that may be the place to buy the dip