Gunslinger2005

Likely range this month between H3 and L3. Which comes first is hard to tell. Possibly bounce and test pivot/H3 is most likely before dropping to L3. The arrows on the chart represent breakdown or breakout areas from level 4.

So Camarilla pivot points is how I generally trade. Daily, weekly, and monthly usually. However let us pull up the yearly Camarilla on Bitcoin and take a look. These levels were plotted on January 1st and we can see that the bottom so far was hit to the dollar on L3 which is the projected range bottom. Short term I think there could be a pullback. However I would not be suprised to See if we strike Yearly H3 this year before this bull cycle ends. I think anyone calling for crazier targets than that is going to be very wrong. Maybe a wick beyond... but I do not think 150k to 250k s coming in this cycle. The cycle is already mature and in my honest opinion a run up to H3 might be the best we can hope for. Let us see

Basic strategy for camarilla pivots is to long short H3 to target L3 and also vise versa (long L3 to H3). Those are projected raging levels. Placing your stoploss at H4 or L4 depending on the adjacent side you entered trade. H4 to H5 and L4 to L5 are breakout levels and targets. I personally like to enter on level 3... close half on opposing level 3... move stop to entry and then see if I get a breakout move in my favor. Good luck trading this week. He are just some relevant trading levels.

Possible trade levels to watch ad behavior. pretty likely we test the pivot and L3 region and even maybe wick under. However between H3 and L3 is just more ranging. A break of H4 or L4 would be a change of behavior and would lead to their level H5 or L5.

Honestly It looks more likey this L4 break with targets of L5 and maybe L6 is legit. However if Bitcoin manages to be a hero and reclaim the L3 to H3 we could possibly see it break to the upside.

I see some potential for bullish continuation from the levels on the chart. invalidated with a loss of L4.

potential price action on chart. ranging yellow line more likely imo.

daily and weekly camarilla pivots. points of interest where btc COULD correct to in near to mid term... unless it breaks away now

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 doom targets and would not rule out a move to H3 and the possibility that the projected monthly range is respected.

levels and loctions to watch for possible reactions and desinations