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Camarilla Pivot Points

very large drop coming for Bitcointhe coming monthly pivot at 25k and the yearly at 20k. the last 24 or more months have tested monthly pivot when opened far from price. the last 7 years have done the same. I early called for 14 to 18k because I didn't actually expect the monthly H5 target would be hit by close. but it has. and so these are the places of correction. If you think it cannot happen... that is more than likely why it will. no trolling please. and congrats on people who caught the whole long up
Short
by Gunslinger2005
7
BTC/bitcoin to 16k in Q1 2021. yearly pivotsLets look at what the price did the last 6 years when btc opened up a new year with an untested yearly pivot. 6 out of 6 of that year almost immediately started their rise or fall to test the pivot. This is despite whatever excuse for why that cannot happen now. even with that panic fall in 2015. the very new W2 wick went up and struck it on the dot. This is before and after futures market. Despite news no matter if it favored or was counter-intuitive to a trend at the time It is simply algo behavior on a larger scale. If TA is supposed to use the history of price action to determine future price action... 100% of the time something happening is probably worth paying attention to. Supportive points. The higher timeframe oscillations are very high. several unfilled gaps and a fib retrace also lines up in that area. huge bearish divergence on bi weekly chart If wrong. and the price takes out the previous high on a closing basis and if by some long shot we take a last move up to 29k by monthly close.... the next yearly pivot would be coming in around 20.5k..... still 3.3k lower than here and much further from there. That being said. I see no conviction for being bullish in terms of spot or margin in this point. even if we moon to 29k.. history suggests you will still get a better price than the current one here. good luck all
COINBASE:BTCUSDShort
by Gunslinger2005
1
All camarilla timeframes BTC trade assessmentDaily 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
by Gunslinger2005
1
BTC short. weekly monthly yearly pivotsevery 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 risk. on the chart. or for tight stop the daily H3 around or above 23390.
Short
by Gunslinger2005
4
Despite bullish BTC move. BTC to see the 14-15 area stillshowing on this chart are both the last 6 years (top) and months (on bottom). I do this to illustrate the algo phenomenon called the magnetic trade. This Occurs also in daily and weekly levels. What does magnetic trade mean? Essentially anytime and asset opens a time frame that is far from its new pivot. That point becomes and algo driven magnet to pull price back to it. I have calculated the next yearly pivot. Currently comes in around 14k area at the moment. if you observe the last 6 years of price action you will see this has been and undeniable event traspiring on previous yearly opens to both down and upside. I am not saying I am bearish. I recently posted a monthly trade from the 17000 area for the monthly H3 which is coming in around 21500 and said I expect that may very well happen first. and we may have a bull run after..... However I definitely expect the yearly retrace to go as history has shown
Short
by Gunslinger2005
12
short scalp setup for btc with tight stoplogic 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 to think it happens from. H4 would generally be the stop area
Short
by Gunslinger2005
3