DexterMGarcia

DexterMGarcia Updated 

The price at the moment is ranging below the 50% moving average (yellow) which indicates a weak momentum. Price will try to gather more momentum by rebounding from the lower 50% level (blue). Once the price rebounded, it may attempt to break the 50% moving average. However, the prevailing linear regression channel's upper deviation line intersected the median 50%...

DexterMGarcia

At the moment, the price hovers above the Upper 50% level. It could be considered as the current resistance area. The moving 50% line (yellow) is still below the previous Lower 50% level. This could indicate that price may range between the Median 50% and Upper 50% level. Confluence level at 64610 and 63670. In the meantime, I would place a limit buy order at this...

DexterMGarcia

The AR Forecast indicator (by Steversteves) seems to play very well with the key levels generated by the 'predict beta' indicator. The price is still taking its time at the support zone. Another divergence could occur in order to gather more momentum. However, if the momentum is not enough, the price may still break the support and the lower 50% key level. More...

DexterMGarcia

Confluence harnesses the collective strength of various signals to enhance the precision and reliability of trading decisions, reducing the occurrence of false signals and aiding in the identification of optimal entry and exit points. In this analysis, I use the 'Predict Beta' indicator to forecast key levels, facilitating the identification of significant...

DexterMGarcia

A bearish Bar-to-Bar divergence has been identified, signaling a potential loss of momentum. However, the current price resides above the 50% moving line and above the Lower 50% line. Additionally, an upward bend has been observed in the 'Predict Beta' indicator, hinting at possible bullish pressure. My strategy entails waiting for the price to breach the short...

DexterMGarcia Updated 

Currently, the price is hovering around the Median 50% area and above the Moving 50% line, residing within the 4-hour resistance zone. A bar-to-bar divergence has emerged between the closing price of green candles and RSI, signaling a potential weakening momentum. Interestingly, despite this divergence, the "Predict Beta" indicator has indicated an upward bend,...

DexterMGarcia Updated 

I've developed a key level indicator (temporarily named “Predict Beta”) aimed at forecasting and estimating key levels within the next 14 to 21 bars. It utilizes RSI data and net change values for each bar, focusing on key levels such as 30%, 50%, and 70%. Additionally, I've incorporated a 50% Exponential Moving Average (EMA) in yellow to aid in assessing changes...

DexterMGarcia

This could be the right time to buy HYDRA while the price is at the Lower 50% level (0.7565). I would buy at this level and also place a buy order starting from the 30% key level to set up my GRID. The price is currently situated below the 100 EMA (closed) and 20 EMA (low) (EMAs not shown in the chart). RSI-14 is below 50% and RSI-6 is below 30%. Also, the price...

DexterMGarcia

It seems that DOGE is preparing the path to break the prevailing resistance. This should happen after a retest of the support area. However, note that the confluence area is between the 'prevailing support' (0.14587 to 0.14872) and the 'median 50%' at 0.14570, which is situated above the support area. This could indicate that the support is not strong enough to...

DexterMGarcia

At the moment, the area between the 'Prevailing 50%' (at 0.68569) and 'Median 50%' (at 0.68569) serves as the confluence area. This could indicate that a breakout of this area will form a new higher high. XRP is now below this confluence area and could possibly make a correction at the '15% level' at most. Hence, I would place a buy limit order starting from...

DexterMGarcia

Based on the calculation of key levels in a 4 HR Time Frame using the average closing price of the past 6 candles, the confluence zone was identified between the prevailing or actual 50% (4HR) and the Lower 50% level. I would place a BUY order at this level and hoping that XRP will reach the 70% level. But if there is no enough volume, price may likely establish a...

DexterMGarcia

The space or gap between each level is narrow and this could indicate that BTC is likely preparing for another run, either bearish or bullish. The market may be indecisive at this point. But if price closed above the 68200 level (70%), price may likely attempt to reach the 69900 to 70k mark and likely to form a bearish divergence. If BTC break down the confluence...

DexterMGarcia

BTC just closed above the 70% 1-day Level! This could indicate 70k as new high

DexterMGarcia Updated 

The prevailing 50% level hovers between the Upper 50% and Median 50% level. This could indicate that if price breaks the Median 50% level, the price is likely to retest the 30% level support. If that happened, price could also potentially attempt to reach the Divergence line to gather enough volume of buyers. On one hand, if price btreaks the Upper 50% level, a...

DexterMGarcia

Based on recent calculation, the confluence level is between the prevailing 50% and Median 50%. This level or zone could serve as the deciding point where the price will go next. If it closed below this level, the price is likely to do a retest of the Lower 50% and/or 30% levels. It could further form a divergence and possibly touch the divergence line. If it...

DexterMGarcia Updated 

These key levels were calculated based on the average closing price and RSI values of the past 6 candles in the 4 hour time frame. I have noticed that when I drew a line of the prevaling 50%, the most recent candle with RSI valie closest to 50%, this line nearly confluenced with the Median 50% level. I am now assuming that this area of confluence could be...

DexterMGarcia

I needed to close my last GRID as shown in my previous post. The price broke the previous 70% level as it needed to form a divergence, and this led the price to reach the 60K level. Currently, the price is diverging (at the divergence zone above 70%) until it needs to establish a new support. At the moment, the 70% level is likely to be the potential support at...

DexterMGarcia

After a strong bullish run, BTC is expected to pull back and re-distribute (as per Wyckoff rules). BTC will now try to establish new support. My guess is that the support is potentially among the key levels shown on the chart. For those who tried my GRID from my previous post, it would be now the best time to sell and close the previous GRID. Profit is good! I...