Daily levels hourly chart - if broken H4 and closing above it opens up H5 and would activate the weekly setup. If rejection here at H3 might be an intraday reversal to L3. Oscillation is alright but reaching high on hourly Weekly levels 4hour chart - With the Bounce from L3 and Pivot that typically means a reversal towards the H3 or above. I would wait for daily...
Hello, dear subscribers! Last time we told about possible BTC price movement scenarios. The first one (green line) demonstrates that the price could rapidly break through the CPR R2 line and reach the $28000. The second scenario reminds the most likely to happen. The price bounced off the CPR R2 level twice and decrased to the CPR R1 level. After it bounced off...
Historically. every pivot point on the yearly has been tested. Every monthly last year. and over 90% of the weekly Algos behave as if they are magnets until tested once their timeframes lock them in. and then opposing magnets once tested and held. so they can be points to trade towards. or points to buy dips or short rips on once tested.
every monthly pivot this year has been tested. all BTC yearly as well. weekly coming in at 22k monthly at 21500. yearly at 16k area. this. weekend could pump. but as these new pivots appear and are untested.. they will be algo magnets for price action. they will hit as they usually do. from where is hard but could maybe use camarilla monthly H4 to manage...
I did the calculations. The developing yearly Pivot for bitcoin is now 14.4k. even if we closed year at 22k. the pivot would still be down at 15k. Now I have circled the last 5 out of 6 years where bitcoin open away from its new yearly pivot. It can be seen that price was magnet pulled to the pivot. and usually early on as well. This is something that...
cpr + camarilla pivots + gap fill and magnetic pivot trade logic. high chances of striking that coming pivot
camarilla and CPR. first target is mid to upper 18k area. and if those three purple cpr levels get broken potentially fill the gap at low 18k. entry possibly from here or a flash run to 19.7/19.8 first.
logic is the coming weekly pivot gets tested as it always does. the chart is currently showing daily levels. Loss of H3 would confirm entry more safely as the price could still work itself higher before weekly retrace as the day isn't over and the next pivots are not YET confirmed. however, TD9 sell setup on the 4 hours is completing... so it is a reasonable place...
btc hitting daily projected range high. likely tests the coming pivot for weekly cpr on daily close before continuation. but still is some time before close. those levels could change and be pulled up
Btc is a bit tired and overbought and are bearish things. but from a pivot standpoint. if it hold the L3 level on the chart on maybe a daily. you could perhaps target H3. for stop losses you can use the lowest purple line (cpr level) on this chart. or for a wide stop the L4
camarilla ad cpr methods and logic
if long. you want a stop at about L4. if you want short you probably want to let L4 break on at least hourly close and set stop at L3 targets for the long would be H3. and for the short L5
monthly camarilla reversal trade. stop at h4. also a daily TD9 sell setup
Either can play out. But oscillation annd regression is getting up there on low timeframes. I would probably bet on down
On the chart. camarilla pivots + cpr
Levels on the chart. Either could play out. Target L5 for short. Target H3 for long. If going short... best wait for daily close and small bounce to 19050ish for entry (considering no new price action comes by close)