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CPR

Judging the trend with the CPR BTC bitcoinWhat you see before you is the central pivot range. otherwise known as the CPR. these levels are plotted determining the previous time frames on the start of a new timframe. The three timeframes we see here our the daily levels. the weekly levels. and the monthly levels. These levels are static no matter the timeframe of your candles sticks so I just put them at a timeframe that makes them visible. How can it be used? Well as you can see. when trending up and when it is likely to trend up the next cpr levels are plotted at a higher value. because price is the auction. that is what is important. You can see from the daily cpr we have been plotting lower values and down trending. The weekly levels have been plotting higher value until these weekly values and we are currently facing the prospect of turning that one into a new higher or lower value over this week. and the monthly levels have been in and still are in a uptrending higher value relationship. What to do with this information? Other than judging the trend you will notice. Nearly all of the time. When a new timeframe opens and price is far from the new levels... WE GO AND REVERT TO THE CPR. I put this part in caps because you truly ought to consider the prospects and value of knowing this information. as with enough time and experience it can allow you to trade both directions with confidence and even plot the next time frames levels to be prepared for reversal or re entry. The purple pivot lines also represent the place where you can buy the dips in an uptrend. and sell the rips in a downtrend. Just be aware and patient for them. When untested. it is a magnet pulling you to it. When tested and held or lost it is a magnet pushing you away. Very valuable tool
COINBASE:BTCUSD
by Gunslinger2005
2
BITCOIN. Yearly CAM. road to 100-200k? Cycle comparisonThis chart takes the 2015 - 2018 and compares it to 2020-2023 Camarilla levels from daily up to yearly. use previous time frames prices action and plot next levels on the first of the years. (Example last 2020 Jan 1st. It plotted H3 and L3 (top and then bottom during covid scare) which is interested because on Camarilla pivots . H3 to L3 is just the projected range from the algos. I guess it is a good thing we had some fud to "explain them". How though.... did on January first. 2020.... did camarilla plot the H5 which was the breakout upside target... that got hit exactly on the last day of the year. Even though it was plotted 365 days earlier during supposed bear covid times. I am not here to convince you that the precedence of algos in the markets being more meaningful than institutions. However, These levels and their practice still get plays, reactions, and reached. Where are we now? We finished last year at H5... had a retrace after the yearly close. and to my surprise. We broke up and OVER the new yearly H4. Generally, in camarilla levels, that means to aim for the breakout target H5... which is waaaay up there. 200+K SO I sat down. I looked at all these yearly levels. and looked at the last time this series of bullish after the bullish event has happened based on the self plotting levels the camarilla system has come up with for the yearly levels. I was very shocked to find myself considering (where before I compared this year to 2017/2018) but I now am considering that we are actually in 2016. of a cycle. that will potentially see 110k this year and perhaps 200+ in 2023. That is if the habits and levels operate and the exponential growth factors turn out to be real. not trolling. I myself and normally a bear at heart. Actually, there is cause to be nervous despite those targets because of how price operates on these Red levels which I made a not of. Take a look. Take a read. Pay close attention to the price. its relationship with the levels. and the order of events. (like looking in a mirror if you can wrap your mind outgoing pivot by pivot and get bogged down with price considerations) from 2015 and early 2016.. and 2020 and early 2021 so far. I hope you enjoy the thought. good luck
COINBASE:BTCUSD
by Gunslinger2005
4
CAUTION bitcoin BTC Weekly pivot retraceIt is a maybe. Because we almost always revert to new far away daily weekly monthly pivots when opened up away from them. Algos naturally revert the price down to them as a mean. This one is a bit of a wild card because we previously visited that area this weekened on saturday. The question is whether that counts or the market nature and algos will recognize it as such and if it even has a relationship to the retracement nature normally seen. Either way be protective here. There are camarilla pivots weekly levels and the CPR central pivot range.
Short
by Gunslinger2005