BTC monthly Camarilla Pivots

1 thg 12, 2024

With a new month comes new levels and while we are in a bullish structure it is good to exercise caution here. We opened up in the middle of the L3 and H3. These are the areas where generally bitcoin will reject of or bounce from. So waitng to react at one of these levels might be a safer course of action as it is not always clear which one will come first in instances like this. I would be interested in seeing a test and bounce from L3 and Central pivot around L3. This is the most reasonable pullback area. I included macro breakout levels although with how wide our ranges are as they are based on previous months price action I think it unlikely they will get exceeded this month