All camarilla timeframes BTC trade assessment
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 levels to confirm and play with caution due to oscillation being high and still room to go down. but mostly because of the note at the end
Monthly levels Daily chart. - A breakout trade could be activated to H5 around 29k if H4 was broken with a daily close and conviction. The typical stop for this intra month setup is at the H3 however there is much risk. due to note at the end, wide stop damage, and the oscillation is quite high.
Note. The developing yearly pivot point is currently calculated at 16k region. and every yearly pivot point ever has been tested and usually in Q1 after level is fixed. This puts much risk towards upside intraday and intra week plays.
The typical ways to trade camarilla pivots. L3 to H3 is the projected range based on high low open close and range of previous timeframes. look for reversals on them to the other side with a stop on H4/L4. Breakout plays are the breaking of H4 and L4 with targets to H/L 5-6 with a stop on the level 3. good luck
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 levels to confirm and play with caution due to oscillation being high and still room to go down. but mostly because of the note at the end
Monthly levels Daily chart. - A breakout trade could be activated to H5 around 29k if H4 was broken with a daily close and conviction. The typical stop for this intra month setup is at the H3 however there is much risk. due to note at the end, wide stop damage, and the oscillation is quite high.
Note. The developing yearly pivot point is currently calculated at 16k region. and every yearly pivot point ever has been tested and usually in Q1 after level is fixed. This puts much risk towards upside intraday and intra week plays.
The typical ways to trade camarilla pivots. L3 to H3 is the projected range based on high low open close and range of previous timeframes. look for reversals on them to the other side with a stop on H4/L4. Breakout plays are the breaking of H4 and L4 with targets to H/L 5-6 with a stop on the level 3. good luck
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