DexterMGarcia

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...

DexterMGarcia

I made a few major adjustments in my indicator's formula and here are the key levels based on calculations. I am currently trying to see if this new version responds and reacts better to BTC's price behaviour. Notice that the 70% and Upper 50% key levels confluenced with the actual prevailing 50% area (yellow lines), thus forming the confluence zone. This zone...

DexterMGarcia

XRP is potentially in a bearish momentum at the moment and potentially bullish on a daily time frame. This could mean one of the best times to set up a SPOT GRID. The GRID uses the key levels based on the calculations made by my key level indicator. I made major adjustments in the formula hoping that price will better respond and react to each key level. This is...

DexterMGarcia

These key levels are based from my indicator's calculation and these can be used as well to setup my SPOT GRID. Price may likely gather upward momentum by pulling back at these levels. Prevailing support is between the 50350 and 50730 area. Bullish divergence may also form within these support zones. In the meantime, price will range between 51300 and 50750...

DexterMGarcia

The 30% level at 50700 is currently serving as the support zone. A potential retest of this zone is likely. The retest zone is a good spot to BUY. However, price may also likely to form a divergence with the RSI within the divergence zone at 49890 level. BUY at this level as well. If BTC gathered enough volume of buyers, it will attempt to reach the 70%...

DexterMGarcia

Based on my indicator's calculations, BTC is likely to form a bearish divergence. Price needs to climb up to form the divergence before it goes to retest another key levels. This could be a scalping opportunity. This is indicated by the close gap between the 70% and Upper 50% level. However, if the divergence did not form, price is likely to go SHORT and probably...

DexterMGarcia

In my previous post, I used cost averaging technique to place my BUY orders for each key level. It was a good scalping opportunity and profited 3% from the trade, not bad for me. The chart is showing an update of key levels, and these values were calculated based on the indicator that I am currently testing. I am expecting aniother red rain, and the rain will...