Long

HSR/BTC BOTTOM REACHED - DOWCHANNEL BRAKE OUT

Updated

HSR/BTC broke the DownChannel Trend and touch the bottom.

My idea is that HShare is Waiting the BTC breakout (can´t broke it and now is traying againg).
If BTC brake the DownTrend channel, HSR will take off.

I do not think HSR breaks down because in more complicated situations than now HSR has been very solid. I like this coin.

So, we are looking forward the depelop soon :)

This is my first Idea!!!

Thanks to alanmaster and @MagicPopCannon to teach us the chart interpretation!!!

Regards from Spain

Note:
only for educational purposes and entertainment

Note

You are right @DigitalData.
The HSR brakeout can take days or weeks. Depend on bitcoin and how it changes the mood of the all altcoins.

My green up arrow show the future develop starting from this bottom in the nexts days or weeks.

Trade active

HSR has continued on a smooth downward channel until it reaches the historic minimum bottom. The delays in your MainChain at the end of February can also be the cause of that smooth 2nd. descending channel that places it a little below 0.0001.

All this happens at the same time that BTC / USD finally breaks its downline of recent months!
It would seem that HSR is waiting for BTC to overcome the high resistance of 12,700 and confirm the arrival of a new cycle in all AltCoins.
Habiendo HSR llegado a su mínimo histórico hay altas probabilidades que el único camino que le quede a HSR sea subir.

Only for entertainment and educational purposes.
Greetings to the whole community.

Note

Sorry, I wrote in spanish a stence.
English traduction.
Having HSR reached its historical minimum there are high probabilities that the only way left for HSR is to go up :)

Trade closed manually

My idea is wrong.
It was based on the fact that the fall of BTC on 6/2 did not affect HSR and I assumed that small fall of BTC in the rebounds of the descending channel would not affect it either.
We have learned that no. We learn from mistakes and the lesson I learned with HSR is that HSR sometimes does not care what BTC does and sometimes it does. It is a new currency and we are slowly understanding its behavior.

sergio00

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