Here on the btcusd weekly timeframe chart I wanted to update my previous Bitcoin channel chart I posted now that it is clear where the breakout point will be so I could adjust the measured move line more precisely to the point of the actual breakout to give a more precise target at the same time. I didn’t change the trajectory angle of the measured move line one...
Quick follow up to my 1-3 month analysis found here. My vol premium selling thesis from that analysis has footprints in the SPX options chain. This can be seen in the JAN20 SPX expiry 4000 strike. The amount of puts and calls could theoretically cancel each other out but over 300k options on the strike. I expect to stay in the ranges I outlined at least...
it could go a bit higher. but expect at least a couple thousand flash down move to new daily pivot coming in next few hours. if not shorting that may be the place to buy the dip
I think we will perhaps see technical bounce to at least the developing pivot as we always do with new weekly pivots. however with one half day of price action remaining it could be brought down lower or up higher before that magnet is set in stone. So if you are playing the bounce from here you could use daily camarilla l4 as stop loss as we are currently at the...
reached can daily H3 and soon weekly maybe. short until pivot test or potentially L3 with tight stop at daily h4 or wide stop at weekly. pivot or cpr purple levels likely to get tested
entry on daily H3 Camarilla pivot. target developing weekly central pivot level. stop at daily H4 or above developing H3 for weekly levels if only bullish can wait for retrace and enter on the pivot retracment
entry around H3. stop around H4. target P + L3 Camarilla pivots weekly levels. Magnet mean reversion logic.
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
likely hits that purple line this month.
That is a steep retracement even if it only makes it to upper channel. this would be the projected monthly reversal region. could manage risk with the H4 level. Target it the purple Pivot point
its magnet has arrived. maybe use weekly h4 as risk management. either short to the new Pivot or buy when it gets there
Target is the incoming pivot and L3 you see on chart. Keep in mind this last day of price action could adjust those incoming levels to come in both lower or higher the the monthly close. However that will only mean the retrace comes from a highe point. Easy to avoid risk by average cost entry up small to large. Or if bullish you ought to wait until the monthly...
Weekly pivot and monthly pivot both developing lower. Of course it could rise prior to their closing time. However they will lmost always revert to that far untested pivot following. One could buy the dip upon testing it or short swing to it with a average cost up in case it rises more leading up to the CLosure. Tarrget would be where the central pivot and/or...
Weekly pivot and monthly pivot both developing lower. Of course it could rise prior to their closing time. However they will lmost always revert to that far untested pivot following. One could buy the dip upon testing it or short swing to it with a average cost up in case it rises more leading up to the CLosure. Tarrget would be where the central pivot and/or...
monthly pivot developing higher and weekly developing lower. Of course it could rise or go lower prior to their closing time. However they will lmost always revert to that far untested pivot following. One could short the rip upon testing it or long swing to it with a DCA in case it drops more leading up to the CLosure. Tarrget would be where the central pivot...
That is a deep weekly pivot forming. And those usually always get tested and pull price action right back to them once they are. It could still rise in this last day of price action before the weekly close. However it will just mean retrace from a bit higher. You could manage such a trade with averaging short entry up in increase quantities until the reversion...
Short H3 target L3 (or deeper if brave) stop losse H4 or Long L3 target H3 (or more if brave) stop loss L4 Notes ; will likely be the first one visited that is the range reversal. Also Monthly close has a pivot developing 2k lower than this price point currently. and the developing weekly is around the L3 target. I expect all those pivots to at least get...
Enter on the Daily H3 here. target is the Pivot point