I would put the stop somewhere between h3 and h4. however h4 would be the widest or safest recommended. but it is a bit risk adverse so I would not over position if attempting the trade.
using camarilla weekly pivots + cpr centra pivot range
miracle called 0.13 Fibonacci
For a successful exit from the channel or range of motion, I have said many times that the Fibonacci -0.13 line and crossing it is very important.
Do not count on the trend to fall until it crosses this support line
If Institutions keep buying and holding bitcoin, at the rate they are less liquidity will be on the sellers side as the price pumps and more on the buyers. Bitcoin has been going about 20% every 4 weeks and corrects 30% at then end of the 4 weeks for 1-2 weeks and would need to continue to do this late into the year to hit a top of 1 million. More likely is a top...
levels to break H4 for the H5. stop would be at H3
or for down H3 for the L3 stop would be at H4.
camarilla pivots. CPR. weekly pivots have argument that our retracement upwards both could have more or also is good enough to be considered finished
As the Week comes to an end and pretty much
as I suggested in the last analysis a Red week
I think we will have another Red Week ahead where
The bottom of Wic can be in the range of 38600
and should close above 42000 maintaining the range.
Below 40k would be a nice buy opportunity with
deep stop loss around 35K as there can be a stop-loss hunt.
If Option 1...