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CPR

BITCOIN IS GOING TO 14k with yearly close.I did the calculations. The developing yearly Pivot for bitcoin is now 14.4k. even if we closed year at 22k. the pivot would still be down at 15k. Now I have circled the last 5 out of 6 years where bitcoin open away from its new yearly pivot. It can be seen that price was magnet pulled to the pivot. and usually early on as well. This is something that happens with every monthly weekly and daily close on most assets across all markets with closures ad untested pivots and it is baked into the very algos of the markets. I think It will be inevitable unless we pump up 10k high by yearly close. then maybe we could retrace to where we are now
COINBASE:BTCUSDShort
by Gunslinger2005
5
short scalp setup for btc with tight stoplogic is the coming weekly pivot gets tested as it always does. the chart is currently showing daily levels. Loss of H3 would confirm entry more safely as the price could still work itself higher before weekly retrace as the day isn't over and the next pivots are not YET confirmed. however, TD9 sell setup on the 4 hours is completing... so it is a reasonable place to think it happens from. H4 would generally be the stop area
Short
by Gunslinger2005
3
btc monthly pivot incoming. question is from wheremonthly pivots get struck. like every one of them. they don't go untested and the next one coming in in the low 17k area. question is where does it fall from. there is still about a week left. some possible areas are monthly H6. it's a high risk bull target at 22k. another possibility is from here. the current weekly h3. at 19312. if looking for the correction those are some potential places. and the currently weekly breakout or stop loss area if trying from here would be about 19586. these pivots are algo formulated by camarilla pivots and cpr combined. the indicator I am using can be found in my profile script for free. good luck
BINANCE:BTCUSD.PShort
by Gunslinger2005
4