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...
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...
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...
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%...
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...
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...
The good thing about 'key level trading' is its constant change from one level to another which confirms the price trend. In my previous post, I mentioned that price is likely to go SHORT when price rejects the previous 50% level. Now that the price rejected that level, which is now the 70% level at 52100, expect more RED RAIN to come. I placed a SHORT order at...
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...
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...
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...
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...
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...
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...
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...
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
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
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...
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...