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...
routes the bear intraday trader might got. stop loss not too much higher than H4
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)
CPR. grab candles. trendline and triangle here. which way i wonder
not saying it happens. but observe the candles. leading up to it. observe the first range down candle. like looking in a mirror
Gap is there. linear regression channel support. L4ish on monthly. Decreasing volume with growing sell volume. PPO reading top. so is my TKE occilator over it. and the daily fisher transform seems to be flipping and its be at the 2nd deviation for a minute. and the red + sign is a daily wave trend cross. Also since we are losing monthly H3 the typical camarilla...
That monthly pivot is untested. they always get tested. just ask eth when he went from 480s to test his 395 monthly pivot. maybe happens from H5 or H6. but it happens. has all month to. that point is a magnet. will be brutal
for the next BIG move. if price breaks and closes above L3. long to Pivot + H3 and see if it takes out H4 for moon. If it breaks Under L4 (in the month) the targets would be L5 (safer target to aim for) and L6 (which is coincidentally the yearly pivot point)
Look at these central Pivot points (purple lines holding us back. They look about the same right? This is actually a freak occurrence I have not seen. Because these are the Daily, Weekly, and Monthly pivot point. what typically is normal is that these points can be hundreds or even over 1000 dollars difference in price. As of right now. they have all come to meet...
on the chart. L4 IS breadown area. L5 is target. L3 TO H3 is daily range
gold opening / testing pivot from below for the first time in a few days. temporary down trend unless it breaks above it
on the chart.
just a thought. based on past events and signals
Camarilla method
what i think happens
Fisher transform overlayed with price on 3day. Tke occilator and godmode dots. Looks all but familiar
ema envelope. linear regression. camarilla. CPR. Consolidation. Test new monthly pivot when it comes. and then resolution. perhaps up and then down. or just up or down
3 to 3 is range. 4s are stop loss area. 5/6 are breakout targets