Gunslinger2005

Gunslinger2005

because how often does the daily / weekly / monthly untested pivots go untested? less than 5% of the time actually

Gunslinger2005

in the chart. (meant to type monthly L4) in that place where price went

Gunslinger2005

As you see on chart

Gunslinger2005

A perfect example of how TA does not tell you an answer. Just different stories. Which trade many make I am sure is partially a result or influence of how those stories may have have affected the traders involved in the past. It is really interesting

Gunslinger2005

I recently posted a much more bearish outlook for 4day and I think weekly as well. However, I think the 1-2day looks like a potential bottoming point perhaps. I am posting both because I think there is still time if bulls acted and turn the larger timeframes and weekly occilators around late or last moment it could reach back up for maybe at least a higher retest....

Gunslinger2005

1-2 day look just great for a reversal here. However the 3day to weekly based on similar indicators look like more doom in the works. tricky tricky place

Gunslinger2005 Updated 

I mean. look at him. what a monster

Gunslinger2005

hasnt been tested. they sort of normally do. but id expect more ranging just because of the wide CPR also. gold had similar setup and its pivot got hit. see chart below

Gunslinger2005

If it holds L3 or losses and regains it. typical camarilla play is to the H3 Otherside of range. we also have untested weekly pivot there. There untested pivots get hit most of them time which adds some credence to the trade. stop around L4 level FYI. Bitcoin looks about exactly the same

Gunslinger2005

coming to daily pivot and support. intested weekly pivot at 10.7. if we bounce and broke pivot it could turn into a bigger move. worth the risk with support area so near. because most untested pivots at least get tested

Gunslinger2005

next two days possible price action based on both a bearish and bullish day for today and an assumption that weekly pivot gets hit which it does over 90% of the time

Gunslinger2005

Looking at eth. from large to small. We have had our monthly pivot tested. and monthly L4 broken. keep in mind we are still in our linear regression channel and this pullback is still very reasonable. it was the pump that wasnt. now mean has been tested. Lets move to the weekly on the right. we broke the L4 and hit BOTH L5 L6 breakdown targets. a new weekly...

Gunslinger2005

if unsure how to trade it. see the link below

Gunslinger2005

we have a new weekly pivot estimated to be coming in around 10.6ish. if no new highs or lows are made this level will remain (solid white lines are estimated next weekly range. the dashed line is estimated coming central pivot. and those when gone untested... always get tested. so if you are looking to short. wait for that. if wanting to scalp long. try to get in...

Gunslinger2005

routes the bear intraday trader might got. stop loss not too much higher than H4

Gunslinger2005

yesterday btc was also in this in between zone. 2 hours before close they dumped it under the L4 support and today it went for it L5 breakdown target. I would wait for a daily close back above L3 to target H3 (the monthly range)

Gunslinger2005

CPR. grab candles. trendline and triangle here. which way i wonder

Gunslinger2005

not saying it happens. but observe the candles. leading up to it. observe the first range down candle. like looking in a mirror