Gunslinger2005

Gunslinger2005

While many believe we are in a current bear market now I think by definition it cannot be considered true. We have a lower high but no higher low. We are still in the same range and consolidation that we have been in for months. over the last couple months the monthly Camarilla pivots have been exceptional. last months H3 was 71.8k. The month prior L3 was 56.8k. ...

Gunslinger2005

Here are the monthly Camarilla pivot points for Bitcoin. Some potential levels of entry and exit to manage a positional trade. (in this situation it would be a long trade)

Gunslinger2005

IF the trend will continue this could be an area of opportunity. we will have to see how the coming week behaves.

Gunslinger2005

Previous Idea was that BTC was a buy on monthly L3 with targets of H3 and that was fufilled. At the current time I see two possible scenarios for bulls A. IF btc continues bullish and rallies more this month we could possibly see H4 break and make its way towards H5 B. IF btc runs sideways for rest of may we might find a new higher low buying level on the next...

Gunslinger2005

Here are some levels of interest that can help us find if we make a higher low, new low, or new highs in this weekly period. L3 to H3 represents projected range. L4 and H4 are breakout points to upside and downside.

Gunslinger2005 Updated 

will see how the market handles it. these are camarilla pivots on the monthly levels

Gunslinger2005

Strong chance for a bounce from this current level. watch out if the level of L4 is lost. New monthly camarilla pivots on the monthly time frames. L3 and H3 are the projected range high and lows

Gunslinger2005

For bullish bottoming case. Would like to see it move up from these regions and L3. beyond H3 and purple level could see higher. Under L4 and new lows are possible

Gunslinger2005

Take these with a grain of salt. H5 is projected target of breaking H4 with camarilla pivot points on all time frames. We can see the yearly breakout target is around 115k. The chart proposses 3 paths. The yellow one suggests there is a new low and retest of H3. The green suggests we remain about H4 and continue onwards through the year. meaning we have a shorter...

Gunslinger2005

Reasonable levels and possible reactions from them. Might see sideways on yellow path. Faster bullish on green. More correction on red. Personally I think a test of L3/purple pivot point and bounce upwards is reasonable.

Gunslinger2005

potential short term reversal area. look to see H4 broken for more upside

Gunslinger2005

Presented in log scale. Backtesting bitcoin on the previous 9 years can see that 8 out of 9 instances of the yearly central pivot point being test after the year has closed and a new yearly central pivot is in place. The one time in 2021 where price did not fully strike the central pivot still tested upper cpr channel and was a magnet to pull price back towards. ...

Gunslinger2005

Potential for a move to the H# yeaarly which is the projected range high based on previous years price action. After that I would look for a healthy correction and a test of the yearly purple central pivot and L3. I do not think a purple central yearly pivot has even gone untested once in bitcoins history. From those areas I would be interested in buying again....

Gunslinger2005

These levels can help provide a frame of reference and points where btc might range, break to new highs, or pullback deeper towards. current resistance will be H3. if H4 is broken look for possible extension to H5. Same with L4 to the downside. ranging between H3 and L3 also possible

Gunslinger2005

How will price end up near end of the year do you think? here are some levels that can help confirm directional short term rise or downside continuation

Gunslinger2005

ranging between H3 and L3. breakout potential beyond H4 and L4. weekly camarilla pivot points

Gunslinger2005

Expect ranging between H3 and L3. and once H4 or L4 is broken expect heavy upside or downside. Range break this month is fairly likely due to the time spent in consolidation.

Gunslinger2005

L3 to maybe provide support for continuation. Look for downside under L4.