camarilla + cpr
yfi monthly pivot coming. pretty high up. usually gets tested. tight stops or ladder for swing
while it has some nice buy set ups. it is currently facing resistance. and is in a very tight trendline and pivot range. If it falls to the down side it will possibly test lows or make new ones. if it breaks out it could go far. tight stops either way
bear in mind there is still a day or two for that coming pivot to change. if it keeps going down so will the coming pivot bear in mind... that these alt pivot swings upward. are contradictory to a bitcoin pivot downward. so with that in mind. the question is. after the monthly close. does btc play some upside maybe to new monthly H3 while alts hit their pivots....
reversal indicators triggering. exhaustion. over extended. monthly pivot coming in lower. If monthly closes with no new highs then mid 12k very high probabilities gets hit at least. Then find out if it holds
camarilla + cpr. two targets. pivot is more conservative
this trade playing out opens up monthly cam targets as low as 10.1 or beyond if it breaks the L3. id let the 4hour close under the H3 first though.
either long or short. can use tight stops here. recommend H4/L4
camarilla pivots. + CPR For this trade a tight stop might work. wouldn't go to much higher than 11.5 area. alternatively you could scale into upper 11ks with a stop around 12.2 if you can manage the risk
with weekly close looming after the consolidation. I guess there is probably something along the lines of an upward hunt or trap. followed by a pivot test downward and potential break that fills lower gap with is the bottom of linear regression channel. This could also have a dump to 10.8 before weekly close. test the pivot around mid 11s again and then follow up...
Price is losing the upside momentum right now possible heading back to retest the previously broken fibonacci 0.618, and also there is a VCPR at 3450.00
camarilla CPR. watch this pivot get tested after weekly close