Unpopular but possible retrace on BTC

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

⋅ Oct 20, 2021 9:36 AM

We could see a retrace from around here at weekly H3 to L3 based on weekly camarilla pivots. this is invalidated by breaking above the H4

also worth mentioning we have both a 4hour AND daily TD9 sequential sell setup.

I dont want to be the bad guy and I do think we can get a little more upside action. However with the current market overconfidence I do not think this is the best time to open new market long positions or fomo. just my two cents. could be wrong. who knows.

Comment

⋅ Oct 22, 2021 5:39 AM

came close but did not violate the stoploss area of H4. This could be considered still active as it has for now lost the weekly H3

Comments

superkitty

⋅ Oct 20, 2021 4:14 PM

What is that indicator that you are using seems interesting

bisserotta

⋅ Oct 21, 2021 2:58 PM

@superkitty, I think its RSI+divergence and bb. Seems very simple and good so if you found the name can you please share?

Gunslinger2005

⋅ Oct 21, 2021 3:37 PM

@superkitty, it is in my scripts on my profile. it is camarilla pivots with linear regression channels. the oscillator is also in my scripts section

superkitty

⋅ Oct 22, 2021 2:57 AM

@Gunslinger2005, very cool stuff great work i also subscribed to your channel on you tube

Angry_Bull

⋅ Oct 22, 2021 5:02 AM

RSI div likely

toli_pl

⋅ Oct 20, 2021 9:39 AM

Thanks for the shared view, I was expecting this confirmation.

Gunslinger2005

⋅ Oct 20, 2021 9:48 AM

@toli_pl, lets see if they play out as they sometimes do. wild rapids in the market these days

toli_pl

⋅ Oct 20, 2021 10:00 AM

@Gunslinger2005, this is my view according to Camarilla numbers

Angry_Bull

⋅ Oct 22, 2021 5:02 AM

Thanks for the insight :)