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Something interesting to see. compare this month camarilla monthly pivots to last months. also look at the oscillation and divergences. Last month price opened in the middle, went to L3 with bear divergence and then went to H3. So far this month it is doing the exact same thing. What does it mean? it means I would not worry until that L4 is taken out for more...
potential area of resistance. monthly camarilla pivot points
sitting on the monthly L4. if we find some bounce support here I would look for a move towards next months H3/pivot for a short opportunity. if we start closing daily candles under L4 I would look for continuation to the end of the month and maybe into next month around 15k area
Either we go up from here and bounce off the next monthly incoming pivot/H3 or we retest our lows once more and then make a range move up. will see in the next week one or the other likely
monthly camarilla pivots. It could bounce and get another try from monthly L3. but it would be invalidated with a daily close or break under L4. under L4 would look for L5 and L6.
New camarilla monthly pivot coming in around 41k. statistically only two of these in the last 5 or more years did not get at least tested. it could happen from here or from L3.
Long L3 stop L4. targets H3 and/or above Short a break below L4. stop L3. Targets L5 and L6. Long break above H4. stop H3 targets H5 and above camarilla pivots monthly levels
BTC has a newly monthy pivot coming in at around 44.5. every monthly pivot has been tested on bitcoin the last 60 or more pivots excluding only two. This is also the camarilla L3 and weekly pivot region. so it is possible it happens prior to monthly close. it might pop a little more and raise where the retaces comes in at to our current level now also. however...
Entry around L3. First target H3 and above. stop loss daily close under L4. analysis done with camarilla pivots monthly levels
Hi everyone, Hope you have enjoyed the weekend. Every week, I mark weekly levels for each currency pair to see how price reacts to them. As you see in the charts, I have marked the last Week's and Last Month’s Highs and Lows for the 6 major pairs (actually they are 7 but there was no room for NZADUSD, but you can do that one by yourself as a practice) Why...
camarilla monthly pivots and daily linear regression channel. It could go to H3 and beyond. I will look for long entries
back when we were at 66 I posted for a short down to this area based on pivot reversion. using monthly camarilla pivots. now I am posting the potential long setup. entry L3. target H3 partial and higher if broken. stoploss L4. camarilla pivots monthly levels good luck
Unless btc breaks both the monthly H3 and H4 level on these camarilla pivots. I can see how its possible we still msy test the monthly pivot and L3 level. which is also the mid area of the weekly linear regression channel. I could continue upward. However if it does not should take care
Hi everyone, Hope you have enjoyed the weekend. Every week, I mark weekly levels for each currency pair to see how price reacts to them. Actually, since we are starting the new month, I have marked the new Monthly Levels either. As you see in the charts, I have marked the last Week's and Last Month’s Highs and Lows for the 6 major pairs (actually they are 7...
these are camarilla pivots weekly and monthly levels. H3 level indicates potential downward reversal level. It may not be full reversal for a long time. but more often than not at least to the other side of its range
Green would mean up first then down. Red would be down first and then up. I favor the red first. However no matter which happens first Ithink the monthly pivot point does get struck because historically it does over 95% of the time recieve price reversions using camarilla pivots and cpr monthly levels, linear regression. HH LH LL LH with RSI and oscillators on chart.
I also recently posted a more hopeful point of view on the weekly chart. This one is worst case scenario. If btc breaks the L4 monthly it is possible to reach the monthly L5. for that setup would like to see a daily retest on the L4 with a stop at the L3.