BTC correction. Monthly/yearly Pivot
They are marked on chart. using camarilla and CPR and pivot magnet retrace logic. Price could run up to the Monthly developing just prior or following close first. However its already getting up there. either way be prepared
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essentially what I expect it to do is what it did today. opened up far and then immediately drove down to test the daily pivot. Except I expect it coming on both monthly and yearly scale. algos are the real market runners. in all markets
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frame of reference here is camarilla monthly on the last two months. Price runs from pivot/l3 to H3. grinds between H3 and H4. Breaks for H5. closes and then retraces to new pivot. where many may buy the dip. what many maybe are NOT looking at.... is that there is a yearly pivot coming in a lot steeper. and the last 7 years in Q1 that pivot has been retraced to in both directions. Even when the MTgox fud hit.... it dove all the way from down below upwards just to strike it
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can set partial stops in profit in case pop up and re entry opportunity
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i see it happening from here or monthly H3
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