notice the monthly pivot "next pivot" coming in at 37k. It is likely price tests the next monthly pivot. how likely? the last 54 of 56 (at least) monthly pivots have had price reversions to. it could come in at a higher point and retrace from higher with this last day of price action though. which could get bullish and raise it up. or it could get lowered....
we have developing weekly pivot around 2k lower than current price. over 90% of the time when price opens far from new central pivots on daily weekly and monthly levels... price sees a reversion to those levels. that does not mean it happens from here exactly. and price action before weekly close can both raise or lower where that level is on the close. just...
It's one of the biggest moving averages that the market seems to revert to. Just from looking at the chart this seems to be the longest a furthest stretch ever that we have been away from it. Who is ready for the mean reversion?
upon the weekly close we may see at least a couple thousand drop to test new weekly pivot as we normally get the test. is might come from around these levels or wherever that developing h3 pivot comes in upon the closure
with the development of incoming higher monthly pivot and cpr ahead which gets reversion 42 of the last 44 months.... at least. I think it is safe to say there will be a reversion bounce up to at least test it. However those points are not set in stone until monthly close. if I had to pick a place from where the bounce happened. I would say the new weekly L3 or...
generally untested pivots on daily weekly and monthly get tested and on camarilla pivots generally the first move in new,levels to h3 or l3 are a fakeout and will at e very least the opposing range side. in camarilla pivots the h and l 3 levels represent prejected range top and bottom based on previous high low and open close for the levels being used. in this...
I would be expecting a technical bounce to at least 48 to 50k as the developing weekly pivot will be like a magnet. using weekly cpr and camarilla pivots
Revisiting textbook technical patterns. Classic double bottom, Fibonacci levels, Reversion to Trend’s and Inflation Adjusted Returns. All b.e.a.utiful patterns happening. Blue call outs are where BHP and RIO indicate FCX should trade.
be on alert for one of the following. new pivot likely gets struck
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...
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 here at the H3 level. stop loss at the H4. target L3 and pivot. But a deeper target is untested qeekly pivot around 60 cents. camarilla pivots and cpr daily and,weekly levels
entry around H3. stop around H4. target P + L3 Camarilla pivots weekly levels. Magnet mean reversion logic.
Momentum/Volume drying up similar to mid 2019 environment with extremely stretched technicals. Macro environment (rising rates & inflationary expectations) also stacked against stretched (especially levered) assets. DeFi growth/institutional adoption will keep happening, but BTCUSD will likely enter a multi-year correction / consolidation period.
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
Target L3/Pivot. Stop loss around H4. Camarilla pivots monthly levels + CPR However if it breaks the H4 and retests it as support. Potential this becomes a long to H5 with stop on H3 instead. Howecer the price is far over mean and monthly magnet pivot is untested