DexterMGarcia

DexterMGarcia

Spring trading technique: BTC is highly likely to continue bullish trend if it meets the following conditions: BTC must break the spring line resistance estimated at the 16758 area. Green candle must form and exceed 93% RSI

DexterMGarcia

This chart shows the spring levels in a 15 minute chart. This is in reference to my first post about the spring trading technique, see this link Notice that the price catapaulted when it broke the 16645 spring resistance line/area, and the price was pushed further upward when it breaks the 16696 spring resistance level. Please follow to learn more about this...

DexterMGarcia

I call this my 'Spring' line trading technique. On this 4-hour chart, the Spring support line is at the 16619 area and the Spring resistance is at the 16696 area. This means that if the price closed below or above these lines, i.e., red candle formed below the spring support or green candle formed above the spring resistance, the probability of the price to start...

DexterMGarcia

Scenarios If price closed above 39245 then price will try to reach Target A to B If price closed below 39079 the price will try to reach Target C to D

DexterMGarcia

Although the BTC’s mean average direction generally points upward, the following scenarios can happen: If price closed below the 41744 line, price may likely try to reach Target Area A, If price closed above the 42051 and 42409 line, price may likely try to reach Target Area B

DexterMGarcia

If price breaks the 40342 level, it will likely try to reach Target Line 1 (blue line); and if the price surpassed the 40900 level, it would likely try to reach Target Line 2 (red line), otherwise, price will range below these levels but again if it breaks the 39051 support, price may likely try to reach the previous 38500 support level. In the meantime, price has...

DexterMGarcia

The price just touched the breakdown line (support) at 41349 and likely to go down a little bit to 40500 level, but if the upward pressure became stronger along the way and breaks the 41683 breakout line (resistance), price could range to 43K level.

DexterMGarcia

As I was making the chart, the price just passed through the break line (resistance) at 44120 level. Now it is trying to reach the target at 44800 level.

DexterMGarcia

Based from this chart, price could reach the 34K area within an hour or so

DexterMGarcia

The price have just slammed the weekly support confirming a strong downward trend. Now, it seems that the price is trying to leached through R1 and will even try to drill a hole in R2. Only then if it breaks out the 38899 price level, an upward trend may continue.

DexterMGarcia

Intersects may signal either a strong support or resistance, but please note this is just my theory based from obeserving the BTC/USDT movement and behaviour. Here are the intersects that we can watch out for: Inersects R2+R1, R3+R4; S1+S2, S3+S4

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Support A1 refers to the 5 minute support while Support A2 (dotted lines) refers to 4 hour support. Notice there appears to be an intersect between these two areas of support, this could probably signal a boost to push the price upward, but let us see.

DexterMGarcia

BTC is generally in an upward trend and it may range between Support B and the area of resistance. Scalping opportunity: LONG @ 44261, take profit 8 to 10 percent, but keep the position if price breaks the area of resistance while supported by the 1-minute 200 EMA

DexterMGarcia

To prevent the price from falling down, Support A should be strong enough to push the price upward and prevent it to pass 41941 and 40790 price level, otherwise, it could try to test again Support B level. In the meantime, it seems the price is making some room for its ascent.

DexterMGarcia

If price breaks R2 @ 42623, it will try to reach all resistance level (R3 and R4) or until price reaches the R1, R3 and R4 intersect. Although the mean average trend is bearish, I am not quite sure what the intersect would mean at this point, could it push the price downward or maybe not?

DexterMGarcia

BTC may test all support level once it reached 40790

DexterMGarcia

Price could range within the bounds of the rectangular box. But if price closed above the box, it will try to reach the blue resistance line. When it passes beyond this line, another bullish movement can happen and initially target the dotted lines. However, the price may test again the support (green line), and this could happen when the RSI passes below the 44%...

DexterMGarcia

On a daily chart, once the price breaks the blue support line and reached the 40790 price line, there is a high probability of bearish trend, forming 2 to 3 candles targeting the next support line.