BTC Camarilla pivot Analysis and setupsI put the call to actions on the chart.
Using a combination of daily and weekly camarilla pivots and the cpr central pivot range.
Wide cpr says that a ranging day is more possible than not as the lower timeframes are oversold
reguardless the stop loss levels are pretty nearby so if it broke up the stoploss is tight.
Breakdown levels also provided
CPR
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
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
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
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
weekly pivot retracement bounceI think we will perhaps see technical bounce to at least the developing pivot as we always do with new weekly pivots. however with one half day of price action remaining it could be brought down lower or up higher before that magnet is set in stone. So if you are playing the bounce from here you could use daily camarilla l4 as stop loss as we are currently at the l3 which is,projected range low. or alternatively you could use dca in small incriments until that developed pivot is locked in or bounce has initiated. As always pay attention to money managment and be careful. I am looking at camarilla pivots weekly and daily levels. If bounce does,work out you might secure some profits at daily h3 in the 50.8 or so area. and then developing weekly. 51.5 to 52 as it is currently and then see how it goes from there.
Moderately Bullish Intraday on NIFTYRationale:
1) VWAP above ATP yesterday
2) CPR pivots above yesterday's CPR
3) Market opened flat and slightly positive
Tracking on multiple timeframes Intra day
Entry points - There are 2 possible entry today
Go Long
1) Above H4 Camarilla at 14734 , SL at H3
If market corrects mid day
2) Buy at yesterday's ATP for target at H3.
Keep tight SL. I dont expect a broad ranging day.
BTC 3hour and indicator confluenceI use this very wild looking layout for swing entry on pivots and such. I highlighted some local previous areas and the behavior that was confluent on them. It looks like a down swing may be in the wind. Yet the overall picture shown is also tightening. Perhaps a bigger move also coming.
SXP big break target setupNormally with camarilla pivots (these are the monthly levels) you want to enter on the break of L4 and restest for H5.
The reason I suggest entry here is because the weekly levels are also setup for possible L3 (range bottom 4.09) to H3 (Range top 4.80) The weekly trade playing out would be confirmation of the maonthly and this may be an early entry opportunity. for a very tight stop could use just under 4 dollars. for loose stop could use this purple monthly pivot point.
BTC long swing potential setupEntry L3 (will be better if it reclaims it before entering.) Targets Pivot + H3 + H4-6
Stop loss L4. Stop in profit levels to consider if it plays out. Pivot (purple) H3 (after h4 is broken. but surely would take at least half profit there)
Camarilla pivots weekly levels