Its monthly and yearly pivots also coming in lower. Yearly around 520.
Daily levels hourly chart - if broken H4 and closing above it opens up H5 and would activate the weekly setup. If rejection here at H3 might be an intraday reversal to L3. Oscillation is alright but reaching high on hourly Weekly levels 4hour chart - With the Bounce from L3 and Pivot that typically means a reversal towards the H3 or above. I would wait for daily...
every monthly pivot this year has been tested. all BTC yearly as well. weekly coming in at 22k monthly at 21500. yearly at 16k area. this. weekend could pump. but as these new pivots appear and are untested.. they will be algo magnets for price action. they will hit as they usually do. from where is hard but could maybe use camarilla monthly H4 to manage...
btc hitting daily projected range high. likely tests the coming pivot for weekly cpr on daily close before continuation. but still is some time before close. those levels could change and be pulled up
Either can play out. But oscillation annd regression is getting up there on low timeframes. I would probably bet on down
On the chart. camarilla pivots + cpr
Levels on the chart. Either could play out. Target L5 for short. Target H3 for long. If going short... best wait for daily close and small bounce to 19050ish for entry (considering no new price action comes by close)
camarilla and cpr. as long as L4 is not broken with strength in the next day it will strike the weekly pivot.
Camarilla + CPR pivots. (The coming monthly pivot is also at 11+) opportunity perhaps
IF it hits H3 first play it as short. if it hits L3 first try long. no matter which hits first... first take profit will probably be purple coming P line. then can target the opposing H/L3 and beyond over the week
based on the logic that the new weekly pivot gets tested after Mondays close (as well as whatever gap is made) untested pivots ALWAYS tend to get tested. can easily open them and see yourselves. good luck all