I use Camarilla and fib Pivot points for day trading but this is my first time using it on daily/weekly timeframe.I am buying
BTCUSD
now with a stop just below S4 yearly cam pivot at 2800$ to try and avoid potential wicks.The 2014 S1 fib at about 190$ proved to be a good entry before the rally to the yearly Pivot in November 2015.My first target is cam S3 at about 8400 only because it is the next pivot point. I will revise the target once new Pivot points form in 2019.
BTCUSD
now with a stop just below S4 yearly cam pivot at 2800$ to try and avoid potential wicks.The 2014 S1 fib at about 190$ proved to be a good entry before the rally to the yearly Pivot in November 2015.My first target is cam S3 at about 8400 only because it is the next pivot point. I will revise the target once new Pivot points form in 2019.
Trade active
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Btc still searching for supports.
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as per my comments last year, the 8000 target was placed due to lack of information regarding this year's pivot points.The target dropped to about 5000 as shown in the picture below.
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Trade closed manually
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That was a crazy move
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:(