Gunslinger2005

CAUTION bitcoin BTC Weekly pivot retrace

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BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
It is a maybe. Because we almost always revert to new far away daily weekly monthly pivots when opened up away from them. Algos naturally revert the price down to them as a mean. This one is a bit of a wild card because we previously visited that area this weekened on saturday. The question is whether that counts or the market nature and algos will recognize it as such and if it even has a relationship to the retracement nature normally seen. Either way be protective here.

There are camarilla pivots weekly levels and the CPR central pivot range.

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