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
Are you a hodler? a person who trades less or wants to? Tired of chop and indecision? Well The ema envelope on the daily has pretty much nailed all of the major moves for you. It is very simple. Price closes above it.... go long. Price closes below it. Go short. Price is inside it... wait and see. I hope it helps you
an important point. for if btc breaks daily pivot or resistance here. it reclaims weekly L3 which would target weekly H3.. which also is the monthly H3 which would put it back in its structure for decision on continuing higher for a new month
so we about to get a TD9 on two week for sell side. as you can see. that has nailed the tops and bottoms on bitcoin well in the past. We have divergence. increasing sell pressure. my oscillator is meeting the resistance line. The OBV occilator has a trendline resistance. the vix fix / inverse vix fix suggesting it might be so. The OBV+Fisher transforms higher up...
Along with many other indications that we may be due for bitcoin correction. He is a dollar btc comparison. With dollar nearing major support and BTC at resistance and looking like it might cool off. It is possible we have an inverse move to each other in the near or short term. Targets for that are not exactly as where the arrows point at on the chart. and...