BTC update and next possible setups
bitcoin found support on the weekly L3 Camarilla pivot and has made its way to the weekly H3. these two levels represent the weekly projected range points that were plotted on weekly open usin prior weekly open close, high and low. from here there are two potential setups. Analysis done with camarilla pivot points weekly levels
If you are long from L3. take partial profits and move stoploss to entry and wait for more.
if you want to short look for rejection on H3 and set stop loss on H4. Target L3 and possibly lower.
If you want to long and have not entered wait for clean break of H4 and target H5 and above with stoploss at H3.
Either way this is our first point of potential resistance and it could cool off reguardless
If you are long from L3. take partial profits and move stoploss to entry and wait for more.
if you want to short look for rejection on H3 and set stop loss on H4. Target L3 and possibly lower.
If you want to long and have not entered wait for clean break of H4 and target H5 and above with stoploss at H3.
Either way this is our first point of potential resistance and it could cool off reguardless
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