DOW weekly close. trade setups followingcamarilla + CPR. but its potentially a head and shoulders so my bias is bearish
Camarilla Pivot Points
BTC short term. hourly bull div. some caution dots. may pop up a tad. i will reshort it and trade for coming weekly pivots as new pivots nearly always get tested
gold and areas likely to be hit in the short termIF it hits H3 first play it as short. if it hits L3 first try long. no matter which hits first... first take profit will probably be purple coming P line. then can target the opposing H/L3 and beyond over the week
btc future. short termbased on the logic that the new weekly pivot gets tested after Mondays close (as well as whatever gap is made) untested pivots ALWAYS tend to get tested. can easily open them and see yourselves. good luck all
Dollar IndexPrice is moving in horizontal channel, did a swing below yearly L3 reversal level and is likely to return to 200 day SMA.
Channel falloutStrong weakness. Price falls out of channel with retest and breaks down the yearly floor (Camarilla L4) also with retest.
Considering the GBPAUD volatility we should see a significant drop through unchartered waters, most likely to yearly L5 (I didnt plot that).
This is no financial advise.
Top positive correlation 1 day
1 GBPAUD - GBPMXN 89.1%
2 GBPAUD - GBPCAD 84.6%
3 GBPAUD - GBPNZD 80.2%
4 GBPAUD - EURMXN 76.8%
5 GBPAUD - GBPCHF 73.9%
6 GBPAUD - GBPSGD 73.7%
7 GBPAUD - XBRUSD 73.7%
8 GBPAUD - XTIUSD 67.4%
BTC has big resistance in this areaActually the entire area of upper 10ks was not much resistance in general. So breaking it didn't really mean too much. However there are some pretty big resistance here. L3 monthly camarilla level would mark it returning to the original range it fell from.
The Purple lines are the Monthly CPR and pivot point.
The blue line is an already twice tested downtrend line. All of these are pretty significant.
I think its a little early for this breakout. because we will be having a new daily pivot forming which will drag btc down a couple hundred after UTC closing. So lets se
BTC breakout or breakdown? these on the charts are weekly camarilla pivots. the blue numbers are upside and downside targets.
the upside. 2nd target would fall in line with a 3rd test of major trendline and may be the call to a larger dump if failed. or larger breakout.
the downside. falls in line with linear regression and current local downtrend as well as a minor CME gap.
H4 and L4 are breaking levels.
BTC camarilla. weekly Levels. call to actionsThese are algo projected pivot points for the week. don't underestimate any.
BTC. next steps. and levels. CamarillaThese are camarilla weekly levels. these are the levels to watch for price action. orange. is ranging. Red is breakdown. Green is breakout. I personally will aim to short rejection of H3. but will do so with tight stops and ready to flip on H4 confirmation. good luck
YFI. possible directions coming daysi know there is too little price history for reliability. these are just camarilla levels based on growth so far
BTC maybe more downside based on Camarilla pivots Monthly It showed me the top. Showed me the pivot to trade to. Showed me where it would be a broken range. it is possible. that it is showing us a retest of breakdown with the targets still to come. there is half a monthly left
just so ya know. 10.3 probably happensbecause how often does the daily / weekly / monthly untested pivots go untested? less than 5% of the time actually
Bitcoin. Camarilla advance update with pivot reversion logicin the chart. (meant to type monthly L4) in that place where price went
2day comparison. to recent fall and now. IndicatorsI recently posted a much more bearish outlook for 4day and I think weekly as well. However, I think the 1-2day looks like a potential bottoming point perhaps. I am posting both because I think there is still time if bulls acted and turn the larger timeframes and weekly occilators around late or last moment it could reach back up for maybe at least a higher retest. some of the signals we have now are the near exact opposite of the same ones that made me so bearish around 12k. It is hard to know or tell. so keep eyes open on all things
BTC 4day comparison to previous large fall.1-2 day look just great for a reversal here. However the 3day to weekly based on similar indicators look like more doom in the works. tricky tricky place
btc weekly pivot still to get tested. hasnt been tested. they sort of normally do. but id expect more ranging just because of the wide CPR also. gold had similar setup and its pivot got hit. see chart below
GOLD. Mid week Long. weekly pivot + Camarilla If it holds L3 or losses and regains it. typical camarilla play is to the H3 Otherside of range. we also have untested weekly pivot there. There untested pivots get hit most of them time which adds some credence to the trade. stop around L4 level
FYI. Bitcoin looks about exactly the same
BTC. sometimes you gotta go for itcoming to daily pivot and support. intested weekly pivot at 10.7. if we bounce and broke pivot it could turn into a bigger move. worth the risk with support area so near. because most untested pivots at least get tested
BTC. next two days price actionnext two days possible price action based on both a bearish and bullish day for today and an assumption that weekly pivot gets hit which it does over 90% of the time
Eth recent price action. and coming. in detail. Cam and CPRLooking at eth. from large to small. We have had our monthly pivot tested. and monthly L4 broken. keep in mind we are still in our linear regression channel and this pullback is still very reasonable. it was the pump that wasnt. now mean has been tested. Lets move to the weekly on the right. we broke the L4 and hit BOTH L5 L6 breakdown targets. a new weekly comes in on todays close and a new Pivot point. that point is the reversion to mean. and the coming weekly price action will confirm if we go for monthly Break targets or not.
this is the similar reading to BTC and other things in other markts
