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Camarilla Pivot Points

BTC technical bounce in near futurebased on the logic that the next developing monthly pivot gets hit (as it has the last 48 out of 50 months at least). However this level is only confirmed when monthly closes. price could rise in the next day or drop also altering its development. However based on the current consolidation and price action that is where it is now. It coincides with the weekly range play from L3 to H3 as well. optimal entry possibly as close the L3 as possible with stop on the L4 weekly or L4 daily for a tight stop. we will have to see what happens if it reaches there. This analysis was done using camarilla pivots on monthly and weekly levels
by Gunslinger2005
2
btc bitcoin. slight warningReguardless if you are bullish or bearish. Are next central monthly pivot point is coming in around 45k area. Less known fact. New central pivot points on daily weekly and monthlys recieve price reversion like magnet almost all the time. In fact the onl time the monthly central pivot point did not get tested was jan this year and dec 2017... of the last 50 months. (I only counted 50. probably more) This does not mean it will go directly there. The monthly level is not set in stone and this calculation for is developing level can be altered with both bullish and bearish price action. If it starts going down prior to monthly close it might have a healthy bounce from that area. If it just bolts upward and the monthly closes high you will very likely see at least a 5,000 dollar price reversion at the very least. Keep an eye on it and stay safe in these areas.
by Gunslinger2005
4