entry on the L3 or a wick below it. Target H3 for closing half... and then move stop to entry. second target H5 if H4 is broken. Invalidate with a strong break of L4. analysis with camarilla pivots weekly levels
target H3. invalidated under L4. target reached should close at least half and move stop to entry
monthly camarilla pivots. It could bounce and get another try from monthly L3. but it would be invalidated with a daily close or break under L4. under L4 would look for L5 and L6.
New camarilla monthly pivot coming in around 41k. statistically only two of these in the last 5 or more years did not get at least tested. it could happen from here or from L3.
more than likely we go to daily L3 mid 39k region from here or daily H3 around 41100. can go further down if L4 daily is broken today. Will go up furthur from L3 if we recieve and bounce and H4 is broken camarilla pivots daily and weekly levels
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