Chart is self explanatory. just a possibility. this chart uses monthly camarilla pivots and CPR. linear regression. custom oscillation. maybe find resistance around here up to H3. and if we do... maybe new lows at L3. all of this invalidated above H4
between H3 and L3 are ranged plays. possibly move from L3 to H3 (manage risk from L4). Breaking the L4 or H4 would lead to range break and potential move to levels 5 and 6 on either side. (manage risk from level 3 of whichever side breaks AFTER a break of level 4 only)
under H3 I would look for L3. rick management at H4. Above H4 I would look for continuation to H5 and H6 which lines up with monthly Pivot and cam monthly H3 at their 23.4 to 23.8 areas
first temporary resistance. possible to go down to L3 or lower If L4 is broken. manage risk in a short from H4. If H4 is broken higher targets can be achieved. if this happens ideally you are long from from L3 and if H4 is broken move stoploss up to H3.
potential btc moves in short term with new weekly camarilla pivot points
We are in a daily timeframe symetrical triangle. Whichever way it breaks will lead us to camarilla H3 and central pivot where we would find resistance or the L3 where we msy find support. I guess we visit Pivot and H3 first
waiting for breakout of mini triangle. Break above L3 target H3. stoploss L4 Break below L4 target L5. stoploss H3
Just a possibility for how we may test the new pivot point and proceed
either H3 to L3 or a break of H4 leading to continuation
Possible long setup with tight stop around 20.1 or wider stop around weekly L4. potential range bounce up to H3 breaking H4 or L4 can lead to their respective levels of 5 and 6. if taking such breakout trades... place stop on breakout sides level 3 after it is broken.
chart shows future camarilla monthly projected range high and low H3 and L3. It also shows central pivot point... which has a high frequency rate and chance of being tested. do with it what you will
Between H3 and L3 would be ranging price action. could take shorts on H3 or long on L3 with stops on corresponding sides H4 or L4. breaking H4 or L4 with candle close under could lead to breakout levels 5 and 6.
probably easily ranges from H3 to L3. but it if breaks H4 or L4 can expect continuation to levels 5 and 6
just an idea. Everyone looking at an IHS. might do something a little more like this possibly. anyones guess
using camarilla pivots future monthly levels, oscillation and linear regression. Short Term I would like to see a wick sweep of maybe 18 to 19.7 to take out all the people looking at this IHS. Mid term I think highly likely we trade towards the incoming monthly pivot area. which is not set in stone.
camarilla pivots. bounce From L3 to H3 or dive to L5 from L4
the intraday scalp is green. the intraweek is yellow both trades are camarilla pivot setups. enter on bounce at L3. stoploss L4. Target to close half is H3. move stop to entry to see if it grows more from there
BTC finding itself on the monthly L3 camarilla pivot. which is the projected range low based on price action of previous month. If it holds this level it is possible we can see a move to the H3. This is invalidated with move under The L4. Furthermore Break of the L4 could hypothetically lead to L5 if it was within the month. It is not my opinion that happens...