DexterMGarcia

DexterMGarcia

BTC is currentlt attempting to break the prevailing 50% level, and should target the 'Upper 50% level' at 52200. If the price got rejected at this level, price is likely to break the Support and it will try to gather suppport at the 50900 level. BTC at this level would also likely form a divergence when new buyers comes in. But if there are enough volume of...

DexterMGarcia

Happy Valentines to everyone! Here are the key levels update based on my indicator's calculation: Price just rebounded from the 'Prevailing 50% level'. It may attempt to break the 52300 (50%) level, and if the price did break it, expect a new higher high to form and range within the 52800 level. The 15% level currently serves as the prevailing support, at 51400...

DexterMGarcia

I have not posted anything for a while since last month or so, until today. I was busy buying and hodling. In my previous post, I was encouraging everyone to BUY and HODL, and wait for the price to reach 50K. Yesterday, BTC reached the 50K level! And probably some HODLERS decided to sell, which is good and get a decent profit. At the moment, BTC may attempt again...

DexterMGarcia

In my previous post, I mentioned that BTC must retest the 45900 level of support to gain more momentum. If this momentum is strong enough to form higher highs, a breakout of the 48900 should have been highly probable thus paving the way to 50k. However, this did not happen. Instead of a price pullback, a breakdown of this support happened. The trend line trending...

DexterMGarcia

In my previous post, the 43300 level was the 50% line and became the prevailing support. Now, this level becomes one of the main support levels and passes its responsibility to 45100 level to act as the prevailing support. This clearly confirms a slow but definite up trend. This trend tends to continue after the price retest the 45900 level of support. If this...

DexterMGarcia

The 42100 remains as the main support. The previous 50% line (43300 level) now becomes as the prevailing support. Price is currently facing resistance in the 44K level. In this setup, if BTC closed above the bullish line, it is likely that BTC will break the resistance and then attempts to reach the 45K level. However, if the resistance is too strong, BTC is...

DexterMGarcia

As long as the 42100 support level remains strong and persistent, BTC's path to 50K is very possible. The current price range is critical because this should be the time when buyers should buy more and hodlers to hodl more. If this happens, it is then likely that the price will break the 45100 level. BTC should reach the 50k once it breaks the 47300 level. Buy...

DexterMGarcia Updated 

BTC just broke the previous 50% levels and formed new higher high. This could indicate that BTC path to 50k is imminent. To reach 50k, BTC must break the 47300 level. I would DCA from this point onwards. /please DYOR/trade at your own risk

DexterMGarcia

These are the 50% key levels charted in different time frames. It would be interesting to see how will the price behave around these levels. The levels are drawn based on the candles with corresponding RSI values of 50%, uising RSI 14 period. Based on these levels, it would likely that price will attempt to reach the 43600 level. /please DYOR/trade at your own risk

DexterMGarcia

I want to share a trading strategy that I have been using for over a year now. It has been giving me consistent winning trades, about 95% win rate. I call it the RSI Pi Strategy because I am using both the RSI 3 and 14 periods (Pi = 3.14, get it?) to set up each trade. In this chart, I will show how to set up the RSI Pi LONG (Buy order) trade. Below are the...

DexterMGarcia

If price rejects the 50% line (42654 level), price may break the bull's line and attempt to reach the target, 43700 level. Place LONG order after a price breakout of the bull's line. However, if price breakdown the 50% line, I would wait for price to reach the levels between 41600 and 42100. I would place LONG order after the price rejected these levels (using...

DexterMGarcia

There could be a potential scalping opportunity for BTC. Price may retest the 42400 level and if this happened, I would place a LONG position once price reached this level, and target 43470 level. /please DYOR/trade at your own risk

DexterMGarcia

The chart may be showing the price to rise due to the divergence that formed between RSI 14 and the price, but it is likely that full divergence have not been completed yet, so price would probably go down more (after a retest of 42600 level, 50%) until enough bullish momentum has been achieved. Price should breakdown the support (green box) to continue the...

DexterMGarcia

If price did not close above the 43680 level, it would likely to follow the bullish line path (green line) and a new lower lows may form onec price closed below the 43420 level. /please DYOR/trade at your own risk

DexterMGarcia

This is a theory I have been testing for 3 months now. This chart analysis technique is all based from RSI movement and data. Bearish line is drawn by connecting red candles with corresponding lowest/lower RSI 'peak'. Bullish line is drawn by connecting green candles with corresponding highest/higher RSI 'peak'. I used the highest and lowest price of each...

DexterMGarcia

In this chart, the reigning bearish candle has a closing price of 0.61528 and corresponding RSI value also closed at 52.06%. When compared to the recent bearish candle, which at the moment is trying to close at a price below reigning candle's price with an RSI value also below 52.06%, this could indicate that the next candles could break down the bearish line (red...

DexterMGarcia

Here is a rapid analysis of dailky chart using just the bear and bull lines drawn based on the higher peaks and trough of RSI values. It seems BTC would likely to follow the the bull line and it may attempt to break the resistance line

DexterMGarcia

To trade Long: Price must break the bullish line (green) and enter LONG once the proce closed above 0.62116. Monitor the RSI-14 as well, RSI must break the bearish line and enter once price close at 55%. /please DYOR/trade at your own risk