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Invertedbarr

REN.BTC (Y21.P1.E1).Macro.TAHi All, Looking from bullish perspective in the coming weeks and months, we can stipulate price action as long as some conditions are met. These stipulations or assumptions have to be confirmed along the way, otherwise this "THESIS" is only that. Having said that, lets move on. Have you heard of the bump and run strategy, if you havn't, then you wont understand this chart the way you should so do yourself a favor and learn it. Why, its bloody all over the crypto charts if you know it and understand, even better, you can add it to your strategy. So I have stipulated that the current area is sitting below this trend line as its major resistance. I have nothing to confirm this yet, but as time goes by, we will see it confirmed on the daily and then the lower time frames. If this is the case, and price breaks this trend line, then that is the biggest obstacle and hence a tick on the check list. We also see the fib levels and resistances in confluence. If price breaks both the horizontal resistance and the sloping resistance line, gets tested, knowing we confirmed later on its resistance, then we would expect it to be tested. Depending on the time frame and formation of the price action, we should have a green light or not to enter. This is the spot I will be watching hopefull, not distractted by other charts. From time to time I will update this post with charts and some quick notes. For now, its watching and stalking. All the best, S.SAri
Long
by ssari
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ETH.USDT (Y20.P4.E8).Looking to go longHi All, This just another update to the previous chart, link supplied below explaining the price action of ETH using the Inverted BARR method. A bit of a scenario I missed out on the previous post for the short term. I stated where the resistance trend line will be but I did not factor 2 scenarios, 1 with logarithmic scale and the other not. > If it breaks above both these scenarios, and also the previous high, go long Now looking at the non logarithmic chart above, it explains the resistance. Hence my following thoughts MY THOUGHTS: =================================== > Applying the inverted BARR strategy, bump and run as well. > We have the inverted BARR trendline as the major resistance. > Note how the previous peak for ETH was at the 0.618 fib level which sets it up for this new trend line. Bitcoin did something similar early this year and it took up to the 4th attempt to break it (refer to previous BTC posts in that time frame). I expect something similar but less likely 4 attempts. I would lean to the 3rd attempt to break it. > Right now, we have BTC dominance on the up, soon it will level off and here is when I think ETH will break this trend. > In the meantime, it will do some sort of consolidation under this resistance. > If it breaks above both these scenarios, and also the previous high, go long > Alts and ETH are in sync with BTC dominance and key levels of resistance, Some like LINK have a very different structure, which I am not so sure to read at the macro level. > My expectation is if ETH breaks this resistance trendline, it could also have another reistance level with the logarithmic lead in trend line as well. > Most likely the ALTS will follow and the ALT season will kick in. Lets see how this hypothesis goes. Please give me a like or tick for this post. NOTE: Do not short BTC, go long. If you considering wedge formations or head and shoulder formations, you will fall into a trap. All the best, S.SAri. ========================================================================== Logarithmic chart\scale ========================================================================== Non logarithmeic scale ========================================================================== PREVIOUS POST ANOTHER POST USING THE INVERTED BARR APPROACH, Proves to be correct
Long
by ssari
NEO.BTC (Y20.P4.E1).Macro.Looking when to go longHi All, I'm going to do a few of these charts today and I'm not afraid to be wrong. For now, this NEO chart makes sense, based on fib. levels, trend lines and formations. Its not a trading advice but a means to plan for the shorts and where to go long. NEO.BTC overview, inverted barr structure Please give me a like or tick for this post. Cheers, S.SAri ZIL.USDT ====================================== ====================================================================== ====================================================================== STORJ.USDT, the one that got away, a beautiful bottom setup which I overlooked. ====================================================================== ====================================================================== ====================================================================== LINK.USDT ======================================================================
Long
by ssari
3
ZRX.BTC (Y20.P3.E1).Macro structure.BullishHi All, ZRX against BTC (like XLM.BTC) is showing some bullish macro structure with already 2 rejections at the resistance trend line and what looks like a wedge formation taking place in the lower time frames. While writing this, I have already jumped in. 15 min. chart ************** Observations ************** ************************************************ > Observe the 2 rejections at the main trend line > Wedge formation or compression formation taking place, just under the key resistance area > potential cup and handle structure taking place > Bearish divergence on the Daily > Below labelled and lines outlining the structure ************************************************************ Thoughts ************************************************************ This looks very much like another inverted BARR structure (bump and run) and hence once the trendline is broken, it will have little resistance on the way up. Also at the micro level, the wedge formation taking place could be part of a cup and handle structure and hence its target has confluence with the resistance line I have drawn. To summarise: > potential cup and handle structure taking place > 2nd rejections at the main trend line, 3rd attempt should be successful. > potentially a bullish flag of some sort, including this wedge could take place before the 3rd attempt on the trendline. ************************************************************ How to trade this? ************************************************************ Maybe wait for the main trend line to break and\or jump in when the wedge structure has a break out with a stop loss just under your entry. or Look for a bullish candle on the 12 HRLY chart from the 0.5 fib level or 0.618 fib level. 3 HRLY chart NOTE: ZRX against USDT, hence confluence with ZRX.BTC being bullish 2 Key levels broken WEEKLY and Monthly support and resistance lines identified, as part of identifying targets.
Long
by ssari
3
ADA (Y20.P3.E1.v2).Macro.Structure.BullishHi All, This is a continuation from the previous post, listed below. If you follow me, I use the bump and run strategy to explain many of my charts and hence approach, to help find targets and reversals. This is another inverted BARR chart with 0.075 and 0.10 as the main targets. Observations: ============================================ > Has broken a strong (sloping) resistance line, but we are waiting for the 4 HRLY candle to close > Downward pressure on the 4 HRLY Phoeix indicator (bearish div) > RSI above 85% on the 4 HRLY > Weekly poster is bullish with MACD crossing over signal > BTC dominance is dropping, ALT season is still going Thoughts: ============================================= > ADA has one impressive bullish posture > Over 20% gain, one would expect some small consolidation\pullback (ranging from before the next leg up in sync with BTC > Waiting for another leg up and hence trying to time my entrance based on current support, reversal signal (1 hrly or 2) with a bullish candle and formation fyi, took 60% of the table. > For now, I see the 1 to 4 hrly losing momentum, not meaning a drop, but sideways movement. Please give me a like or tick for this post Regards, S.Sari Weekly chart > Note, 50 EMA held support and approaching 100 EMA as resistance. Phoeix has upward pressure as well. 1st Target 0.075 and 2nd Target $0.10 PREVIOUS POST > ===========================================================================
Long
by ssari
XTZ (Y20.P3.E1).Macro.Back on trackHi All, Looking at the MACRO level for tezos, it seems its regained its macro uptrend level. I haven't looked at it for a long time, now looking at it, its done a beautiful inverted BARR structure. I do have XTZ on the day with a slight downward tone, not much so it fits the narrative that it will be in this zone for a while as long as it maintains above this bottom level of this channel for the coming days. For the short term, I don't see it going up much, just sideways. However lets revisit it a few days from now and see how its tracking as its a good performing crypto. Note: I have two targets in amber, but how soon, I need to see another 24 to 48 hrs to gage what's going on with BTC in the short term. Cheers, S.Sari Ref: A.Charts 12 HRLY chart shows indicators with hidden bullish divergence and hence gaining momentum Monthly (left) and Weekly (right) charts> Demonstrating that we are just above the main resistance but if can have the weekly candle close above the previous undecided red candle, spinning top? then its xtz season. If it can't and we go down the strong support of 1.8 to 2.2 range.
by ssari
BTC (Y20.P1.Video).Recent events explainedHi All, This video recording is an attempt to explain what I take from the charts, historically and how its applied to the past few months and this breakout. JUST A NOTE on sound recording: I'm hoping the sound comes across as when I play it back, its was ok however with my other previous video recordings last year, people complained that there is no sound. Maybe its the volume setting, so please, if you don't hear anything, turn up your volume more. I couldn't explain why this happened last time, and by publishing this, I will find out if I have fixed the issue. As I explained in the video, here are some reference material to this video: Bump and Run Chart Pattern Strategy> tradingstrategyguides.com Previous reference charts to this video post (extracted from updates on my previous posts) > Previous post on BTC using Bump and Run strategy >
BITFINEX:BTCUSD
by ssari
8
BTC (Y20.P2.E15).Macro.AccumulationHi All, We have hit my next target and based on the historical evidence and the inverted BARR setup, we have confirmation on the lead in trend line to be the support for the next uptrend rally. As per chart, I see this area also as accumulation. Having a 4 HR candle stick close above it, and even a 12 HR one, should be the right signal, depending on your risk management approach. Here is also a fractal I like to point out Please give me a like or tick for this post Regards, S.Sari Previous Posts.
by ssari
4
BTC (Y20.P2.E10).Macro.Bullish.Inverted BARRHi All, I believe i have come across the macro structure taking form. In a way, it explains why we are so bullish. Also let me be the first to put this idea out there and hopefully get the acknowledgment after confirmation and "LIKES" please now. Hopefully we all benefit. Note: I wanted to be thorough and to answer my curiosity and it turns out after checking the previous bull trend in 2019, surprisingly it happened there as well (refer to the charts below) This is no trading advise. > Instead of me writing all the observations, the chart and this link will explain most of it. > There is plenty of reading material on the inverted BARR formation. Other considerations: ====================================== > Keep an eye on the global market (so far Gold, SPx500, etc all going bullish) > BTC Halving is not far away > We are coming into the weekend, can make it go higher while the other markets stay on hold > Have your stop loss strategically placed Reference material: ============================================ tradingstrategyguides.com/bump-and-run-chart-pattern-strategy/ and tradermentality.com/2016/01/bump-and-run-reversal-barr-2 Note: > Interesting when I went to make a tag on this post using invertedbarr and barr, there was none. > So thanks to me, we have the first reference to these structures. All the best. Please give me a tick or a like as an appreciation of this post. Regards, S.Sari. Comparisons to the previous run BIGGER Picture
Long
by ssari
4