Gunslinger2005

BTC maybe more downside based on Camarilla pivots Monthly

Short
BITMEX:XBT   Bitcoin / U.S. Dollar Index
It showed me the top. Showed me the pivot to trade to. Showed me where it would be a broken range. it is possible. that it is showing us a retest of breakdown with the targets still to come. there is half a monthly left
I trade pivots. Camarilla. and the CPR. I help people and share my charts for help for no charge on telegram. My group is https://t.me/camarillacruisin

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nice graph..... carry on
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So nice work! Share more such ideas
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I don’t believe it will continue the move
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@Aaric201, who knows. i dont either. just an idea based on a system. if it goes upward we will evaluate from there
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got a similar outlook, let's see what we get now.
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Good idea. Thanks
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during this accumulation phase, it is very possible to see a stop hunt lower, but at the moment we are in monthly and weekly support area
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Gunslinger2005 transparent-fx
@transparent-fx, monthly support was L3 for the range . and L4 for the breakout range. this is standard floor trading camarilla pivots. and these levels are algorithmically projected for daily and weekly and monthly times frames. based on the previous timeframes high low open close. and volatility range. I did not draw these lines. they were plotted "by themselves" on the 1st of the month. and take a look at the reactions on them. there is a very specific system to trade camarilla. and it goes 3 to 3 range and reversal. and 4 to 5/6 breakouts. as per this monthly I will not be bullish until it regains the monthly L3. maybe I will intraweek or intraday trade up levels. but the rules apply on their time frames. we closed with levels that we lost. and this system is applied by big banks, and floor traders and works across all markets. you can compare levels and price action by using standard pivot points and changing to camarilla sub settings. so to be clear. I did not plot those levels.
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Gunslinger2005 transparent-fx
@transparent-fx, this is a simple image entailing levels and the call to actions for the camarilla system. which I trade primarily and pretty much only. with the CPR. https://tradingstrategyguides.com/wp-content/uploads/2020/05/Camarilla-Trading-Strategy-1.png
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Good job
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