monthly camarilla pivot points. trade and important points on the chart
daily closing above H4 I would look for higher. but maintaining H4 as resistance I would look for correction down to as low as L3 or pivot cpr purple lines. These levels are monthly camarilla pivots
with next camarilla pivot point monthly levels developing we can project the next projected range levels intramonth. usually (not always) it is the case that both sides at least get tested. so its possible next month sees both levels hit. the determining factor will be if we find new resistance at that central purple level or not. what are your thoughts on which...
update from previous on monthly camarilla pivots. We got the down move to L3. potential for long on L3. stoploss L4. Targets H3 to H5 Daily close under L4 enter short. stoploss L3. Target L5 to L6 Daily close above H4 enter long. stoploss H3. Target H5.
short H3. Stop loss H4. Target L3 (or lower). only advised if price went there directly without first hitting L3 (ranging play) Long L3. stop loss L4. Target H3 (or higher)(ranging play) Daily close above H4 - long to target H5. stoploss H3 (breakout play) Daily close below L4 - target L5. stoploss L3 (breakdown play) All analysis done using camarilla pivot...
entrly on L3. stoploss L4. Target H3. monthly camarilla pivot setup.
If we find resistance here at H3 and do not break H4 (key breakout level and best level to manage risk from)... we could see a retest to as low as the L3 or lower. I do not view this as the best risk management setup, however it does pose an valid position from which a short hedge position could be utilized. If price breaks and closes above H4 while healthily...
what you see before you is the linear regression channel on the daily. the green lines are the camarilla L3 pivot point levels which represent monthly projected range bottom levels notice a trend of the last 5 months within this channel. and how btc loves to rise from the L3 level and the bottom of the regression channel. the l3 pivot is plotted on the first...
good risk reward for camarilla monthly pivots for H5 and H6 with stoploss at the H3 level
H3 to L3 for bears. invalidation with daily close over H4. H4 to H5 for bulls. only valid with daily break and close with retest above H4. stoploss at H3 if qualifies.
The last 4+ years have only ever seen 2 months NOT have price test their monthly pivot points (which is around 57k) those months were January 2021 and December 2017. It could always happen a third time. I am just saying... that is over 95% frequency. Easy enough to backtest with standard pivot points monthly levels. P.S. This does not mean it must happen...
I believe it might go to 57k. but from where is harder to guage. could manage risk at the weekly H4. With optimal entry at H3 area The reason I believe it will go to 57k is because that is the new monthly central pivot point area. And over the last 4 years or more... only TWO months did not see price test the monthly pivots. However if the Weekly h4 is broken...
camarilla pivots monthly levels. entry L3. stoploss L4. target H3 and/or above
IF it comes and finds support on the H4 level H5 would be breakout target. If it losses the H3 then P and L3 at least would be target. Stops for long would be on H3 after H4 retest. or H4 for short after H3 is lost
Here is an immediate bullish nd immediate bearish path for btc in the coming weekly and monthly close and it assumes that BOTH the new weekly and monthly pivot points get tested in both paths. the aftermath implications would be different though. using CPR and camarilla