CPR
Daily btc breakout setup? bitcoinintraday new camarilla levels. L3 to H3 Range floor and ceiling projection. L4 and H4 are stop loss / breakout points. H5 and L5 targets. I am suggesting long here because we opened right on pivot. retrace taken care of. and indicators on low timeframes look potentially primed. Tight stop on L4 though
Warning for BTC bitcoin. Weekly pivotITs getting near that time. when the week is soon to close and once again we have another steep developing weekly pivot which along with the monthly pivots have been regulary been getting struck on and around the close of the timeframe. Ths current one is coming in around 53k area. it could be brought higher or lower with new price action before weekly close. it is something to be aware of if trying to set of for a nice reversion retracement. or if you just want to buy the dip you have an idea where that is likely to be.
Before 60. Sharp pivot retraceAs is almost always the case. runaway prices magnetically pull to their newly plotted central pivots.
That level coming a couplesand below. Is not something Ican do. However Ican give confidence as we go slowly and maybe lucking that retrace will also be our dip buy opportunity to 60k
Just be careful and take profits here. Dont buy untilt that pivot area. and dont care like you do not.
Camarilla pivots + CPR
BTC long targets and retracement potentialbased. on camarilla pivots on the monthly levels. if BTC holds the weekly breakout upside h4 pivot at 51.9 then I see it is fairly possible it strikes 55 and maybe monthly H6. keep in mind btc is already 7k ahead of its next developing monthly pivot.... and that in the last 37 months only were there 2 where price did not revert to its new monthly level... yet still made large moves near it. so possible very large move to the upside and downside are at play. one notable thing bulls have here is that there are not yet any weekly or monthly magnets holding them back.. and also 2day hidden bull divergence
weekly pivot and l3 here. so brace if you haven'tBecause even if new weekly pivots didnt get tested over 90% of the time... the rest of the indicators do not look like they want to argue at the moment. Buy on the pivot if bullish. Stop in mid 49 regions for short swing. Camarilla pivots and CPR. magnet trade logic