weekly pivot down test still to come. BTCcamarilla + cpr. incoming weekly pivot will be in the mid to upper 14k area
CPR
btc. weekly pivot test likely before new highs. camarilla and cpr. unless we make new highs this very weekend. this coming pivot at 14.9 very likely happens. just because they almost always happen. and the market is overly bullish.
BTC short. daily indicator historical comparisonlets observe this daily chart with some indicators of the last year and see the reaction. some things to point out to support the argument
first the pivot. purple lines. CPR (central pivot range) every single one has been tested. the next one is coming in around mid 12ks
next is a reversal indicator similar to TD sequential but more accurate because it counts current candle and not just prior. the purple dots at the top indicator reversal near.
next is the ppo price percentage oscillator the wave looking thing at the bottom. generally has called correct top and bottom areas. as well as the line TKE which is an algo average of the 8 most popular oscillation tools such as rsi stoch mom and others
last is the yellow dots at the bottom. Godmode dots. twice signalling local top. still without correction
Finally the fear and gree index and in general the main sentimental charts of others on trading view have gone very bullish in a dangerous place
Some people are calling for something called a "Christmas rally" which is no doubt a comparison of 2017. and there are plenty of arguments that is is NOT the same at all. Factors including ICO craze. Chinese involvement of then but less now. (futures settlements in that 2017 time were 95% in rmb) along with other markets in general. the state of the world. the fact that this time is is NOT a blue sky breakout like it was before. Tether manipulation. coming elections. and bitcoin is very very far from having a high peak of trending in search results and data.
But anything can happen. that is just my two cents.
It could have a fakeout first. generally if you see bitcoin going to that coming monthly H3 14.3 area it will more than likely be a fakeout with a large crash down to new monthly pivot. if it opens up and goes right to coming L3... it may be a good bounce to buy if it holds without testing topside first
yfi swing. monthly pivotyfi monthly pivot coming. pretty high up. usually gets tested. tight stops or ladder for swing
LTC may break downwhile it has some nice buy set ups. it is currently facing resistance. and is in a very tight trendline and pivot range. If it falls to the down side it will possibly test lows or make new ones. if it breaks out it could go far. tight stops either way
UNI monthly pivot retrace swing scalp upbear in mind there is still a day or two for that coming pivot to change. if it keeps going down so will the coming pivot
bear in mind... that these alt pivot swings upward. are contradictory to a bitcoin pivot downward.
so with that in mind. the question is. after the monthly close. does btc play some upside maybe to new monthly H3 while alts hit their pivots. or does btc head straight for its new monthly pivot as alts all hit their new monthly L3s or lower and then they swing upward.
both scenarios possible
btc short swing + maybe morereversal indicators triggering. exhaustion. over extended. monthly pivot coming in lower. If monthly closes with no new highs then mid 12k very high probabilities gets hit at least. Then find out if it holds
weekly cam short. tight stopthis trade playing out opens up monthly cam targets as low as 10.1 or beyond if it breaks the L3. id let the 4hour close under the H3 first though.
BTC. daily view. bearishcamarilla pivots. + CPR
For this trade a tight stop might work. wouldn't go to much higher than 11.5 area. alternatively you could scale into upper 11ks with a stop around 12.2 if you can manage the risk
possible btc path short termwith weekly close looming after the consolidation. I guess there is probably something along the lines of an upward hunt or trap. followed by a pivot test downward and potential break that fills lower gap with is the bottom of linear regression channel. This could also have a dump to 10.8 before weekly close. test the pivot around mid 11s again and then follow up with the lower gap fill as well. its choppy here. so be careful
SPX500 Pull Back Retest Fibonacci 0.618Price is losing the upside momentum right now possible heading back to retest the previously broken fibonacci 0.618, and also there is a VCPR at 3450.00
Btc next move. Weekly pivot forming. magnet swingcamarilla CPR. watch this pivot get tested after weekly close
