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Camarilla Pivot Points

oh my gosh it is sooo "obvious" on bitcoin. like Duh right? jkIF you can take from my contradicting indicators reading and logic in the chart the pure irony the title of this analysis comes with then that is good. Do not get chopped up guys. This formation is exactly like April 2019 before it mooned. and there was and will be plenty of time to get on board if that is the direction. We have a monthly pivot level and it has held even while stocks dipped a bit. This weekend you could probably range scalp it because the macro decision will more than likely come after this H6 TD 9.... but more so with how the stocks perform. such a long consolidation unlikely to resolve in the weekend. This the area we trend in based on history suggests distribution. However the length we spend here suggest potential Reaccumulation. Very similar to what we have a gold also. The levels are established. I trade Camarillo. Here are potentials trades on these monthly levels Losing or rejecting H3 or S3.... then position reverse to other 3s side on the range. Stop loss H4 or L4 depending. Broken H4.. (hourly usually good but id give it four at least) because its monthly levels Short for L/H 5 and 6 as breakout targets. Place your stop at the previously passed H3/L3 I give ut 50/50. my ta feeling more like down. my gut feeling more like up
BITMEX:XBT
by Gunslinger2005
1
Update on gold.Camarilla monthly levels on the 12 hour chart. As you can see 1748 crucial resistance. Breaking that could lead to the upper 1700s quite easily. As you can also see we have some large bearish divergence. Wave trend is minor up. macd is crossed up. OBV is high. PP is getting higher. Oscillator has not much to say here. This area could be redistribution because of where we are. At the same time it could be reaccumulation because of how long we have been here. 2 months in this range. and consolidating in the upper bounds. either way will move hard one way or another Level H4 to break out and then to target H5 and H5. OR if we lose H3 will high probability travel to Pivot and then potential L3 or beyond
FX_IDC:XAUUSD
by Gunslinger2005
1
Camarilla pivots Wild guess for coming PASo this is not financial advice. I come to this guess because we have a tiny channel on the daily levels just under the pivot point. If we break the pivot I think the daily could swing high and take us up to low 10kish. that is where both the weekly and monthly top range level is (10.2-10.4) for max resistance. And since it is early In the week I think perhaps we will correct it from there. seems like a fitting hunt and false break out on low time frame traders shifting into a suitable early weekly and monthly Range downside play for proper correction. From there we maybe could see if it holds up... IF it happens.
by Gunslinger2005
a 12 hour view of Bitcoin and potential warnings of many things many things to consider so I will start with the obvious large one. Our monthly resistance levels. H3 is top of range and H4 is breakout region resistance via Camarillo levels. Traditionally when H3 is rejected or lost the typical intraday or month trade is to target L3. To support this possibility there is a rather wide central pivot range CPR in these monthly levels which tend to lean towards ranging behavior and not structural break. The CPR and pivot (purple levels will definitely be crucial to hold so worth managing risk there. The macd is fairly bearish in most 12hour daily views. He has crossed down depending on the timeframe but also daily bearish divergence can be spotted on the macd and the VWmacd. overlayed I have the godmode with recently signalled top on 12/daily chart and seldom does it signal and flip bottom in a week. that I know of next top right we have a firefly occilator overlaid with a special wave trend script. which distinguishes macros wavetrend shorts/long signals over minor ones. usually this will flip yellow for a close or blue for long after top signalling (purple). then we have a PPO lagg top/bottom detector beside an OBV in occilator form. I like to generally find top or bottoms on the PPO and Take a trade when the OBV impulses toward the same direction. this is both a volume and momentum joint confirmation. However if anything they have divergence from each other. 12 hour smooth center of gravity stochastic down. pretty telling. overlayed weis volume cones for simply reading of volume ticks. You can draw a line. and see our volume declining as price rises. could actually draw an H&S For simplicity the bottom right indicator is 3 EMA in occilator form. nothing special here except we can see them tightening up and maybe slopping down a bit. All and all. of course the trend has been bullish. but there are warning signs to be careful. History is all we have to go off of in TA. and when market gets exceedingly bullish or bearish BEFORE big famous resistance... there tends to be violent moves for both side. Good luck. If you are short.. In my opinion it is easier to manage risk from at this point. could choose H4. If you want long. Might be better to long after H4 broken on the hourly with a stop-loss at H3
by Gunslinger2005
Short to yearly S2Nothing changed since my 2 previous GBPJPY analysis. Short plays out as we forecasted in previous posts. Price is on the way to 2009 lows. One just need to look for optimal entries on minor timeframes not to get caught in major pullbacks (one can be right about direction but wrong about trade, hence its is paramount to find the best entries). Here I am also adding monthly chart with Accumulation and Distribution (Volume + Price graph - it is often more accurate that just price chart. On AD chart you can see that uptrend had already been broken and volume-price pulled back to 50 ema after the break for retest). All the best! This is no financial advise of course. For educational purposes only.
Short
by ICFX
1
USDTRY: WeeklyAs you see, current bullish move was already predictable from October 2019 using TD (DeMark) breakout projection no. 2. Now, price is facing very strong support - May central pivot range (CPR), May Camarilla S3 reversal level, yearly classic S2 pivot, yearly Fibonacci S3 pivot (did not plot the last 2 to have it more clear - but they are there) all at same point, confluence with May S3 reversal level. If this level holds and price is rejected, what is also possible, it will bounce up and continue in uptrend or range above monthly CPR. If price breaks through monthly pivot range, as it is moving quite decisively into it and we have got that weekly pin bar reversal on top, short trade may be taken to former yearly roof R4, now support. At any case May CPR (I highlighted it black) is a fulcrum which holds the price now. If it is pierced through, that is it. After reaching highs, Turkish lira makes those descending ranging tails. What might be a scenario here. But there is a concern - price missed April pivot and April CPR, did not even test those. Such things occur at the onset of strong trends. Next month (or be it a day, week, depending on chart) price pulls back to the pivot and continues higher. So it is very important what happens at May CPR (that highlighted black zone). Price should move lower and touch S3 - May pivot. Then we will react depending on how it will behave after that. S4 is May floor. May roof R4 was pierced, that should be noted too. THIS IS NO FINANCIAL ADVISE. FOR EDUCATIONAL PURPOSES ONLY.
by ICFX
1
USDTRY 4 hrsI would consider buying USDTRY before the European session starts tomorrow morning 6-7 am UTC when spread is the smallest. The move is likely to end CAM R5, we broke the April roof. By the end of April we should be at ca 7.255. There also other technical reasons for this on which I will not elaborate. This pair has very high spread in the night and it will not move in the night much anyway. This is no financial advise. Top Absolute Correlation 4 hrs 1 USDTRY - USDZAR 93.0% 2 USDTRY - USDCNH 92.2% 3 USDTRY - USDCAD 91.5% 4 USDTRY - ZARJPY -91.5% 5 USDTRY - EURTRY 91.3% 6 USDTRY - EURZAR 90.8% 7 USDTRY - SPA35 -89.6% 8 USDTRY - CADJPY -88.5% 9 USDTRY - BIO30 88.3% 10 USDTRY - CNI30 87.9%
Long
by ICFX
4
Daily and Monthly resistance. Gonna Test Pivot at 8k?Looks like on camarilla pivots + momentum oscillators + Trendline that we are facing some daily resistance and monthly camarilla resistance. It might be possible price gets magnet attraction to those purple pivot lines channel area before either breakout or breakdown ON THE OTHER HAND. we are at resistance and I am not seeing any VPT (volume price trend) sell signals like we do the previous time visiting these resistances. so be careful
DERIBIT:BTCUSD.P
by Gunslinger2005