4:1 Trade for $BTCUSD

This is a classic setup using Camarilla pivots. Year CAM R3 backtest after hitting R4. The target is always another retest of R4.

Commento:

This is stalling somewhat on the Year Pivot. Notice the big floor of price at the 38.2% retracement level and once that was broken price melted down rapidly.

I think BTC can at least retrace here and tag the underside of that same 38.2% FIB level near 9530. It may go no higher than that so it is a good place to take * some * profit.

Commento:

BTC finally got the Year CAM R3 target here.

Looks like a potential inverted H/S long.

Commento:

Sorry no inverse H/S, was looking at the wrong chart.

Commento:

Commento:

Classic. 9530 first target reached... that was fast. Will it co to he back to Year R4?

Commento:

continue*