We are in a daily timeframe symetrical triangle. Whichever way it breaks will lead us to camarilla H3 and central pivot where we would find resistance or the L3 where we msy find support. I guess we visit Pivot and H3 first
waiting for breakout of mini triangle. Break above L3 target H3. stoploss L4 Break below L4 target L5. stoploss H3
Just a possibility for how we may test the new pivot point and proceed
either H3 to L3 or a break of H4 leading to continuation
seeing as we usually hit monthly pivot. its possible we hit it exactly like last month. here is a comparison using triangle, and my oscillation tool in comparison along with the next monthly pivot projection
Possible long setup with tight stop around 20.1 or wider stop around weekly L4. potential range bounce up to H3 breaking H4 or L4 can lead to their respective levels of 5 and 6. if taking such breakout trades... place stop on breakout sides level 3 after it is broken.
chart shows future camarilla monthly projected range high and low H3 and L3. It also shows central pivot point... which has a high frequency rate and chance of being tested. do with it what you will
these are the next BCH camarilla and monthly pivot levels. I expect a reversion up to the Pivot or H3 before more downside
Between H3 and L3 would be ranging price action. could take shorts on H3 or long on L3 with stops on corresponding sides H4 or L4. breaking H4 or L4 with candle close under could lead to breakout levels 5 and 6.
probably easily ranges from H3 to L3. but it if breaks H4 or L4 can expect continuation to levels 5 and 6
just an idea. Everyone looking at an IHS. might do something a little more like this possibly. anyones guess
using camarilla pivots future monthly levels, oscillation and linear regression. Short Term I would like to see a wick sweep of maybe 18 to 19.7 to take out all the people looking at this IHS. Mid term I think highly likely we trade towards the incoming monthly pivot area. which is not set in stone.
camarilla pivots. bounce From L3 to H3 or dive to L5 from L4
tade on the chart. I know we are bearish but this is possible
trade on chart. I know we are bearish. but this is possible
the intraday scalp is green. the intraweek is yellow both trades are camarilla pivot setups. enter on bounce at L3. stoploss L4. Target to close half is H3. move stop to entry to see if it grows more from there
if it remains under L3 we may see further fall to L4. However if it retakes L3 on daily closing I would look for monthly pivot and H3 to get tested. If L3 is retaken the safest place for a stop would be L4. good luck
BTC finding itself on the monthly L3 camarilla pivot. which is the projected range low based on price action of previous month. If it holds this level it is possible we can see a move to the H3. This is invalidated with move under The L4. Furthermore Break of the L4 could hypothetically lead to L5 if it was within the month. It is not my opinion that happens...