weekly close BTC pivot retracement and minor bounce likely. we have a new weekly pivot estimated to be coming in around 10.6ish. if no new highs or lows are made this level will remain (solid white lines are estimated next weekly range. the dashed line is estimated coming central pivot. and those when gone untested... always get tested. so if you are looking to short. wait for that. if wanting to scalp long. try to get in lowest as possible and later in the day you could
Camarilla Pivot Points
S&P. looking like BTC yesterday. Wait for closeyesterday btc was also in this in between zone. 2 hours before close they dumped it under the L4 support and today it went for it L5 breakdown target. I would wait for a daily close back above L3 to target H3 (the monthly range)
Thoughts on a BTC correction. DailyGap is there. linear regression channel support. L4ish on monthly. Decreasing volume with growing sell volume. PPO reading top. so is my TKE occilator over it. and the daily fisher transform seems to be flipping and its be at the 2nd deviation for a minute. and the red + sign is a daily wave trend cross.
Also since we are losing monthly H3 the typical camarilla pivot play would be to fade for other side of range
BITCOIN UPDATE. Camarilla. monthly lvls. Daily chartfor the next BIG move. if price breaks and closes above L3. long to Pivot + H3 and see if it takes out H4 for moon. If it breaks Under L4 (in the month) the targets would be L5 (safer target to aim for) and L6 (which is coincidentally the yearly pivot point)
EURUSD Short DailyHi
as i have analysed the EURUSD in Persian language so i am keeping a Snapshot of the same analysis and position complementary to it so in future we can return back and check the upcoming results and its accuracy...
this position is based on Daily Time frame Divergence with MACD and CPR signaling, engulfing candle stick patterns...
i have used Camarila Pivots and Fibonacci Retracement and Projection for Stop-lose and Take-profit points definitions
it is almost a 2:1 ratio position
please consider the exact prices if you are opening the same position
keep in mind to manage and trill you SL in order to minimize your risk and manage your position
please kindly comment your opinions for me
Potential long play on BTC.There are weekly camarilla levels.. it looks like we might have one more upswing. If you want to buy this Dip use stoploss at the L4 level. or tight one just under that pink PIVOT line. I am actually med term bearish. but this is a possibility. These are weekly plays. so those levels and targets are weekly levels. Good until end of the week. Targets would be H3. and if H4 breaks it would be H5.
bitcoin. Short potential. 2day. CamarillaCam monthly levels. we hit the top of predicted monthly range perfectly. if we reject here. the typical play would be to target the L3 on the otherside. supporting information is that the sentiment is very bullish. over confident. fear and greed highest since 14k last year. fisher transform on 2day is +4. TD9 sell set ups are on larger time frames. godmode on daily and two day signalling top locally. wave trend. The inverse of wix sensing top points. OBV shows lot of buying in this area. The PPO is in the red extreme warning threshold. The defi movement is just big money narrative or getting more money to begin with. the worlds economies are going to face hardship the coming months. BTC has NEVER been a good storage of value at these levels. People are trying to compare the price action here as if it is unstoppable like 2017 however this is not a blue sky breakout. That is just my two cents.
P.S Potentially we could bounce from 11.8 or see the H4 level or up to it for some upside hunting. that is a large space so exercise caution. stop loss yourself maybe around 12.1 and look to reposition after that happens if it does.
I bring a big warning of potential doomNow I know as much as the next guy. And I do not like to be the bearer of bad news. However, I use a couple of fairly reliable indicators. Vpt volume price trend against fib Bollinger's. and the god mode. And this chart is the 3day chart. I have only witnessed the godmode give a short call on the 3day 4 times since 20k. and the VPT always tells the truth of distribution or accumulation in the end. So trade with caution. The levels in purple are the CPR central pivot range for the monthly levels. notice it is like a mirror. several months up... and now we struggle to hold our level at the end of the month. also notice the newest channel is very thin which suggests breaking... either way. Lets find out if its time or not. However, I have a feeling summer maybe be a bit grizzly. what are your thoughts?