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.

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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.

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BTC finally got the Year CAM R3 target here.

Looks like a potential inverted H/S long.

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

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

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continue*