BTC (Y20.P2.E15).Macro.Accumulation

20 apr 2020

Hi 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.

20 apr 2020

Nota

Bearish scenario. If this doesn't hold, then we complete an ark or inverse cup.

21 apr 2020

Nota

After reviewing some additional information, like the SP500, and some indicators, we are more likely to drop further after another 24 hrs . 2 days to a week shows no sign of reversing the current trend. So I have the bearish scenario above playing out.
Some say the weekly 200 MA. I will look at the indicators every 12 hrs or daily to see if the trend indicator changes momentum.

22 apr 2020

Nota

update on chart

22 apr 2020

Nota

My assessment based on the indicators plus the price movement of recent.
I don't see any big movement to the downside in the next 6 hrs. If anything, I am leaning towards the upside for the next 6 to 12 hrs. The 6 Hr chart gives a bullish tone to the candle sticks, beyond that, we have some time to wait for the 12 hr and daily to finish

22 apr 2020

Nota

22 apr 2020

Nota

from my macro chart in detail. Trend line for the inverted BARR setup is holding

22 apr 2020

Nota

BTC dominance

22 apr 2020

Nota

Reason we paused here, another trend line.

2 mag 2020

Nota

Ok, I believe I'm onto something with bits and pieces of information from a number of charts. This charts main take is change of trend, and it definitely supports it.