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Camarilla Pivot Points

Potential reversal area on btc. It is a "potential" reversal point. So keep an eye on it. the monthly L3 with a stop loss maybe halfway between the L3 and L4. daily is oversold. Fear is high. I am not sure how many shorts are stacked but the market has gotten pretty bearish. So keep an eye on this level Also I notice the cpr (purple lines) are quite wide which indicates ranging behavior. It has been ranging so that could maybe be ruled out. Also we have not officially tested the H3 level and generally the first level 3 visited tends to be reversal. However we did visit the central pivot area so that is possible to be counted as a visit as it is resistance. So it is not the strongest argument for a long. However it is possible to see it happen from that L3 level or around it
by Gunslinger2005
4
BTC likely has a technical bounce likely coming. but from where?Want to draw your attention to the purple line. the cpr or central pivot zone. notice how price reverts either direct to strike these levels reguardless if price continues or reverses. This same thing happens on daily cprs, weekly, and monthy cpr with over a 90% rate of occurance. This chart is projecting the future weekly levels. it is possible that the reversion happens prior to the close. or following... likely from the coming L3 which right now is at 31k These types of bounces reguardless of how frequent are hard to play because the developing or "next level" s they are labelled on the chart is hard to be sure of before they are set in stone. That being said dca is a possible stradegy. Currenly the incoming cpr levels are 2 to 4k higher than this price point. So I would expect a bounce from these regions or 30 / 31.5 up the where the new central pivot is formed upon the weekly close.
by Gunslinger2005
5
EOS eosusdt monthly camarilla pivotsDaily chart. with monthly cam pivots. So long as it can bounce off of or hold above the monthly L3. It might be a good entry position after some long consolidation. It is worth noting that the weekly stop loss level for those wanting a stop loss (aka level L4) is around 4.28. For those who want to run a tighter risk reward trade Also a wide cpr and untested monthly pivot shows hints of a higher possibility that the price may range instead of simply tank from here
Long
by Gunslinger2005
BTC analysis and break points and setupsAs you can see we found support on current weekly pivot and are consolidating between the daily cpr purple lines and the projected range high h3. this is a tight zone and daily range is narrow. not really worth it. however upon breaking daily h4 or weekly h4 we could see h5 and 6 on daily levels or weekly h5. upon losing daily l4 we could see daily l5 and l6. IF you are long in this area a tight stop could be under the purple lines or a loose stop on the weekly pivot we bounced from. if you are short the tight stops could be h4 for daily and weekly. if waiting for confirmation wait for the 4s to be broken and retested and enter with stop on that sides 3. this is the trading methods of camarilla pivots. good luck
by Gunslinger2005
Btc bitcoin. technical reversion bounce aheadwith the development of incoming higher monthly pivot and cpr ahead which gets reversion 42 of the last 44 months.... at least. I think it is safe to say there will be a reversion bounce up to at least test it. However those points are not set in stone until monthly close. if I had to pick a place from where the bounce happened. I would say the new weekly L3 or daily H6 around 30ish or 31k area. Target would be where the purple lines are coming in at the time or weekly h3. This analysis is based on a combination of weekly and monthly camarilla pivots and the cpr with magnet reversion techniques
Long
by Gunslinger2005
weekly long swing setupgenerally untested pivots on daily weekly and monthly get tested and on camarilla pivots generally the first move in new,levels to h3 or l3 are a fakeout and will at e very least the opposing range side. in camarilla pivots the h and l 3 levels represent prejected range top and bottom based on previous high low and open close for the levels being used. in this chart both the daily and weekly levels are shown. The level 4 represent breakout levels or stop loss levels and in this particular chart is the long stop loss area. Targets minimum are we test new central pivot range around 48 to 50 and then see about h3 to h6
Long
by Gunslinger2005
Eth monthly mean reversion dip potentiallythere is still a day or so to make a stab at 3k. however even if it does the monthly close will leave a several hundred dollar lower developed pivot which historically btc and eth love hitting after closures. It is also worth noting that the developing pivot range is wide. indicating potentially a ranging territory for the next monthly levels. all and all maybe not the best time to hop in. and if on leverage maybe await the mean pivot reversion . chart is using camarillA pivots and CPR on monthly levels
by Gunslinger2005