In my previous post, it was mentioned that based on the indicator, BTC will attempt to reach the 70% line at 29550 level, and it did reached that level. But after that, the price went down to the 30% line. Once again, the indicator have done a recalculation of the past 14 periods (in 1-hr chart), and it is now showing that (lines in dark red) the 70% line went...
The chart is showing that a divergence was formed between RSI and the price indicating a sign of strenght. Based on my indicator's calculation, the price is hovering above the confluence zone, which is between the 70% line of the previous calculation (light blue lines, 29326.3) and the current 50% line (dark blue lines, 29399.6). This means that the price is...
Support and resistance level still remains strong and the same as stated in my previous post (yesterday). However, when I did a re-calculation for my indicator, the 10% line (or known as dip level 3) went up and it aligned itself at the previous 15% level (dip level 2). The 70% and 50% line also went up a bit higher than the previous levels. The lines are getting...
Resistance is between 30245.0 and 30385.0 while Support is ranging from 29621.0 to 29800.0. Will the price break the resistance? It may lead to break out but not so soon. My spring box indicator shows that the distance between 70% line and the resistance zone is over one percent, and this could indicate that the price may touch the resistance zone but it needs to...
As predicted by the spring indicator, the price reached all dip levels (levels 1 to 3). At the current level (dark green lines), notice that the midline 50% of the indicator is now at the level of previous dip level 3. We are currently seeing a rejection at the 50% midline and the price is likely to retrace to dip level 1. There is also a possibility that price...
Note that each colored set of lines represents the values of the spring box indicator (Dip levels, midline and the resistance area). Notice that the spaces between the lines either contracts or expands, and this indicate a sign of weakness or strenght. At the moment, the indicator is expanding. The distances have become wider than the previous indicator which...
In my previous post, shown in blue lines, the price dipped to level 1 and 2. And then, I made a sell order by targeting the midpoint (50% line) and profitted 2 to 3 percent. As an update (see colored maroon lines with corresponding dip zone values), the dip level 1 is now lower than the previous dip of the same level, and the midline is now aligned with the...
The orange lines were the dip zone levels from my previous post. It showed that the price reached the Dip Zone 1 and almost touched the Dip zone 2, and afterwards, the price hovered at the 50% level. Based on the re-calculation, the indicator determined the next dip zone levels (green lines), but this time, if you could notice, the spaces between the lines...
Here is a simple TA of BTCUSDT. A forecast of the possible BTC price range for the next one to four hours using my spring box indicator. This indicator calculates the probability of the BTC price ranges from the resistance zone, and the midpoint or 50% area, to the various levels of support areas or the dip zones. The dip zone are levels where this indicator...
At the moment, a divergence was formed between RSI and BTC indicating possible downturn, however, MACD histograms is still giving an upward signal - a squeeze between two indicators. Checking other indicators such as Fisher and Volume Oscillator, both are giving a potential retracement signal. In that case, if that happens, I will fish and buy the dip at the...
Based on the divergences formed between the indicators, RSI and MACD, and the price, the price is likely to attempt to target the 26900 level. /please DYOR/ trade at your own risk
At the moment, a divergence formed between RSI and the price indicating that the price will probably retrace back to the prevailing support zone. But will it break down the support? that depends on the volume of buyers and sellers once it reached that point. But if the buyers prevailed, price may reach the bullish zone. /please DYOR/ trade at your own risk
Price and RSI converged which indicates that the price is ending its dip. I would say it is a good time to cost average and hodl. And then, I would recommend to stop buying when the price breaks the support and just sit, relax and wait for it to reach the resistance zone. It would be up to you to sell or still hodl at that point. /please DYOR/ trade at your own risk
A quite weak divergence formed between the RSI and the price. This potentially indicates a temporary price increase and it may try to break the resistance zone. However, once the price reached the resistance area, it may retrace back to the support zone to gather more momentum. It may stay there for a while until more buyers/hodlers comes in to the market. On one...
It seems that the resistance is quite strong making the price squeeze like a sandwich between the resistance and support zone. The momentum to break the resistance as of this moment is not enough, and it needs to gather more strenght by retracing up to the midpoint (dash line), but if the price cannot source its energy from that point, the price may possibly...
The support zone ranging from 28839 to 28549 is currently trying to push up the trend. Once the price closed above the confluence zone and the spring box, which is above 29400, the price may likely form another new high and it will attempt to break the resistance zone. But what are the odds that this will happen? The price must struggle first to pass above the...
A weak convergence formed between RSI and the price, indicating a continuation of the trend. Price may re-test the support at 27700 level and then it will try to break the 50% zone. Price may form another new high once it breaks the 28200 level. I will start buying the dips starting at the 27700 to 27500 level area, and probably take this as scalping...
Please see key levels as illustrated: Support area (green), Resistance area (light red), and 50% area (light orange) At the moment, the price is likely to target the resistance area as indicated by the formation of a weak convergence between RSI and price. Scalping opportunity: Buy BTC once the price closed above 50% area and sell at the resistance area. Note...