Camarilla Pivot Points
eth weekly pivot short swing potentiallylike others. and my recent btc pivot warning. this incoming level can change with new price action prior to Sunday close.
tight stop at H4 on chart. and reevaluate on entering on incoming H3 once they are plotted Monday (if we pump just before weekly close) re entry very viable also as there will still be a pivot retrace of this much or more
IF you are only bullish or taking longs. the play would be to ENTER on the newly formed Pivot. once it is plotted
Coming weekly close pivot correction warning BTC bitcoinSo if price makes no new higher prices by sundays close. there will be a very high % chance that we strike this purple line "next pivot" a few thousand lower. generally, this point on daily weekly monthly get tested like magnets over 90% of the time. Either way. if price drops by Sunday close. this purple incoming line drops with it to a certain point. If we begin making new highs prior to Sunday close... the retracement will be about the same in size... but from a higher level.
Stay safe
GOLD UPDATE. WEEKLY CAM PIVOTSIt is Testing its new weekly pivot as a magnet. nothing out of the ordinary. always happens. IF it bounce off these purples levels. It will be officially trending above weekly CPR levels for a second week. Good accumulation points disguised as bearishness.
can put on tight stop. give it a go
Maybe it is time. Short swing BTCCamarilla and cpr logic. I would say for a proper squeeze we hit 41/42k for a fierce one we test 36k for a brutal one we hit the untested yearly pivot at 20.5k. Either way. We will have a lot os blue sky after the pain. I had hoped to see 50k first. and we may still. stop loss at H4 or lower if that is too high