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Camarilla Pivot Points

BTC CAMARILLA PIVOT YEARLY LEVELSearlier in january I posted a trade idea at yearly L3 saying we might be in for a move up to yearly H3. we got that bounce are now facing yearly central pivot. From here I expect a retrace and daily cool off to new incoming monthly pivot around (yet not confirmed until monthly close) of about 44 to 45k. from there as long as we find support on our daily correction the typical way to trade camarilla would be to aim for the H3 from the L3. this is larger time view.
by Gunslinger2005
1
BTC near future retrace and upBTC has a newly monthy pivot coming in at around 44.5. every monthly pivot has been tested on bitcoin the last 60 or more pivots excluding only two. This is also the camarilla L3 and weekly pivot region. so it is possible it happens prior to monthly close. it might pop a little more and raise where the retaces comes in at to our current level now also. however my oscillation setup says a correction or range likely. primarily on daily following that retest. if and only if it holds after being tested. we might see it reach around 57 to 58k which is our camarilla H3 yearly level. notice we are coming from the yearly L3 which would make this the logical target. I will provide links to that one below. stay patient and remember the bigger picture. This analysis was done using camarilla pivot points monthly levels with yearly levels in mind
by Gunslinger2005
Bitcoin two setups on monthly cam pivotIf we find resistance here at H3 and do not break H4 (key breakout level and best level to manage risk from)... we could see a retest to as low as the L3 or lower. I do not view this as the best risk management setup, however it does pose an valid position from which a short hedge position could be utilized. If price breaks and closes above H4 while healthily finding support above it. I would target H5 with the H3 being the place to manage risk from. This analysis is done with Camarilla pivot points monthly levels and method and remains valid as long as within the month. Side note. As I normally would like to use weekly levels more for my swing trades I would like to point out that the next weekly levels have a fairly smaller range coming soon (between 41 and 43) leading me to lean on the more increased possibilities of moves within the larger levels.
by Gunslinger2005
BTC short term correction possibleanalysis on camarilla pivots weekly levels. last few ideas I posted have been bullish continuation favoring. this shows the idea of potential correction before continuation. we may see turn down from here which is daily H3 pivot at time of posting OR weekly H3 pivot on chart with target as untested weekly pivot and L3 around 40k levels. this is invalidated with any meaningful closes above weekly H4. IF we do get contstructive test to L3. I would look for re entry there for continuation as long as weekly L4 remains unviolated
by Gunslinger2005