looking at likely bounce from L3 to H3. If H4 is broken more upside. if L4 is broken bounce invalidated and more downside
likely comes up for a test of H3. and if it breaks H4 we can see about more. invalidated with a strong break below L4. target would then be L5.
it is possible we have another thrust up to H5 at 101 but we are currently at the top of channel with pretty high oscillation. Might range back a bit. these are monthly camarilla pivots
Unless L4 breaks down. may bounce from camarilla monthly L3
weekly and monthly camarilla pivots show confluence here for long to weekly H3 and H5 which is monthly H3. stop loss regions on both are daily closes under L4 around 39k decent risk reward and area to manage risk off of
update from previous on monthly camarilla pivots. We got the down move to L3. potential for long on L3. stoploss L4. Targets H3 to H5 Daily close under L4 enter short. stoploss L3. Target L5 to L6 Daily close above H4 enter long. stoploss H3. Target H5.
Long L3 stop L4. targets H3 and/or above Short a break below L4. stop L3. Targets L5 and L6. Long break above H4. stop H3 targets H5 and above camarilla pivots monthly levels
earlier in january I posted a trade idea at yearly L3 saying we might be in for a move up to yearly H3. we got that bounce are now facing yearly central pivot. From here I expect a retrace and daily cool off to new incoming monthly pivot around (yet not confirmed until monthly close) of about 44 to 45k. from there as long as we find support on our daily...
BTC has a newly monthy pivot coming in at around 44.5. every monthly pivot has been tested on bitcoin the last 60 or more pivots excluding only two. This is also the camarilla L3 and weekly pivot region. so it is possible it happens prior to monthly close. it might pop a little more and raise where the retaces comes in at to our current level now also. however...
While we are obviously bullish. I predict we will have a short term pullback to possibly the weekly pivot or L3 region. this trade is valid only under 50k and within the week. levels on this chart are camarilla weekly and daily levels
Would be careful of a pullback from this region. if short would manage risk at the H4. However if short term breaks H4 could look for an extension up to H5 camarilla pivots monthly levels I would assume new weekly pivot in the mid 44k region at least gets struck
Daily camarilla levels. If H4 breaks and retests on hourly long with targets H5 and H6. stop loss at H3 If L4 breaks on hourly then targets are L5 and L6 stoploss L3
Short here. Target L3 or lower. stoploss H4 or daily close above it. If btc does break above the H4. target H5 and H6. place stop at H3 camarilla pivots weekly levels
Weekly chart. Can you notice anything interesting? Camarilla pivots Yearly levels. Compare the oscillation points. Check out the levels.
Long L3. target H3. stop L4 Short H3. target L3. stop H4 long break of H4 target H5/6 stop H3 short break of L4 target L5/6 stop L3 TA with camarilla pivots daily levels
short H3. Stop loss H4. Target L3 (or lower). only advised if price went there directly without first hitting L3 (ranging play) Long L3. stop loss L4. Target H3 (or higher)(ranging play) Daily close above H4 - long to target H5. stoploss H3 (breakout play) Daily close below L4 - target L5. stoploss L3 (breakdown play) All analysis done using camarilla pivot...
camarilla daily pivots. entry on H3. Target L3. stoploss H4. careful. trend is getting bullish. trade small and consider it corrective trade. only good for today.
using weekly camarilla pivots. the following setups could be valid. Long on L3 bounce/level. stoploss L4. Target H3 or higher. this is ranging trade Short on H3 rejection. stoploss H4. Targe L3 or lower. this is ranging trade. strong volume break or 12hour / daily close above H4. stoploss H3. Target H5 strong volume break or 12hour / daily close below L4....