More than likely ranging between L3 and CPR/H3. however in case of further breakout up or down watch L4 and H4
not looking good. here are levels to watch. really do not want to lose these levels we are currently under
pivot pointd for possible range for the week. potential range tops and bottoms between these levels H3 and L3 with possible breakouts beyond the 4th levels
will be keeping my eyes on these levels. may be some ranging between them
expect short term range likely bwtween L3 and H3. expect more upside with a break of H4. expect some downside with break of purple levels and L4. These are daily camarilla pivots. if the range stays true the next days range will change and be more narrow.
Here we have weekly and monthly camarilla pivots. I see this as a risky area for a long. Also a short. One one hand we could drop down to monthly L3 and pivot if this area does not hold. However it is weekly L3 but with both sides of weekly range being tested already... it could hold or break just as likely in my opinion. if it does hold and bounce I would look...
possible next moves, support, and resistance for bitcoin. We may see a push to H3 this week. or if not... or after... correction to L3.
looking at camarilla pivot points for the weekly and month we can find two possible places of resistance and correction IF bitcoin has another impulse following this FOMC. I figure weekly H3 or monthly H3. with monthly L3 and Pivot point being the potential next support.
orange arrows would be corrective move only. red would be breakdown of structure. green would be continuation. I see a corrective move more likely before a continuation.
possible resistance area here. watch this H3 level. tread carefully
potential resistance at H3. expect more continuation beyond H4
potential area of resistance. monthly camarilla pivot points
possible areas of rejection or breakthrough for short term swing moves
expect ranging behavior between H3 and L3 perhaps even more than once. expect continuation up or down past H4 or L4. weekly camarilla pivots
possibly retest of CPR and maybe H3 to confirm resistance before more downside. I am still leaning on more bearish than nor
monthly camarilla H3 and CPR and top of linear regression channel. could pose resistance here. trade with caution.
analysis using Camarilla weekly and monthly levels
I would be looking for potential long on L3 after monthly close or a short on H3. whichever comes first. with the target on the opposing level 3.