it could sell off from around weekly H3 to weekly L3. weekly camarilla pivot points weekly levels. intraday has a bullish setup as well. careful either way
Targets and stoploss on chart. canarilla pivots intraday levels. risky in this region. however could exceed targets if it plays out for mid term. if it losses H3 expect revisit to L3
entry weekly H3. target weekly L3. stoploss weekly H4 done with weekly camarilla pivot points
weekly and monthly H3 with potential to reverse to their L3 levels. tight stop weekly H4. wide stop monthly H4 analysis with camarilla pivot points weekly abd monthly levels
Monthly camarilla pivot points. entry on rejection of H3. stoploss H4. Target L3 seems bullish but could be another down here
close hourly candle above H4 target H5 and H6. stoploss H3 Close hourly candle below L4 target L5 and L6 stoploss L3. bounce off H3 to downside or L3 to upside target the opposing level 3 with a stop at the level 4 on which you entered Bitcoin is in a place right now where it could swing both ways. If you are day trading an hourly close with these setups on...
based on the logic that the next developing monthly pivot gets hit (as it has the last 48 out of 50 months at least). However this level is only confirmed when monthly closes. price could rise in the next day or drop also altering its development. However based on the current consolidation and price action that is where it is now. It coincides with the weekly...
camarilla pivots monthly levels. entry L3. stoploss L4. target H3 and/or above
these are camarilla pivots weekly and monthly levels. H3 level indicates potential downward reversal level. It may not be full reversal for a long time. but more often than not at least to the other side of its range
If rejects H3. target purple pivot and L3. stoploss H4 and/or wait for... If it break L4 target L5 stoploss L3 if break H4 target H5+ stoploss H3 intraday camarilla pivot points levels
Target H5 and H6 stop loss H3. camarilla pibot points
camarilla pivot points daily levels. use hourly confirmations Long if break and retest H4. target H5 and H6. stoploss H3 Short if reverse or holds H3 as resistance. stop loss L3 and/or.... Short if L4 broken and retest. target L5 and L6 stoploss L3
From H3 to Pivot and or L3. only invalidated with a daily close above H4. these are monthly camarilla pivot points. good luck
target L5 and L6. or monthly pivot at around 45k or the monthly l3 at 44k. tight stop daily H4. using camarilla pivots daily levels with the logic that new monthly pivots revert price action like magnets
Reguardless if you are bullish or bearish. Are next central monthly pivot point is coming in around 45k area. Less known fact. New central pivot points on daily weekly and monthlys recieve price reversion like magnet almost all the time. In fact the onl time the monthly central pivot point did not get tested was jan this year and dec 2017... of the last 50...
entry around H3. Target L3 and lower if it and l4 get broken. stoploss H4 using camarilla pivots weekly levels
target h3. if and only if h4 is broken continuation to h5 and 6. stop at l4. camarilla pivots daily levels
for short. rejection of the H3. target L3 and/or beyond. stoploss H4 for long. break of H4. entry on retest and close over on hourly. target H5 and H6. stoploss H3 Camarilla pivot points. daily levels