PHB/BTC LONG

Technicals: On the daily chart we can see that we broke past both 50 and 100 MA and found resistance at 200 MA. We are now consolidating inside the cloud of which I believe we will brake out from within a week from now. 50 and 100 MA will also cross bullish around that time and we are about to get a bullish kumo twist. There are tones of bag holders in the 30-55 sat range so thats where I believe the next resistance will be. Clear that range and it should be blue skies.

Fundamentals: PHB recently merged with Apex and are together creating a new Defi platform called Horizon on Binance Smart Chain which is set to launch this quarter. The 100m supply for Horizon (HZN) will be 100% community owned. No team or VC allocation and you will only be able to obtain HZN by staking PHB. This should create incentive for both projects to rise in vanlue.

We havent really gotten a full blown alt season yet, especially not for low cap coins. BTC.D still has plenty of room to go down and ETH/BTC has just made its first leg up. Its lagging grossly behind ETH/USD and BTC. I think we are just waiting for BTC to actually top out and that, of course is the most difficult thing to predict. At what price and when.

These are just my opinions and should not be taken as financial advice.

Note

We have gotten our kumo twist and the daily cloud is now green.

With current PA which is in accumulation, 50 and 100 MA arent curling up as fast as I thought. At current speed they wont cross until end of month/early march. A rise in price could change that.

RSI on both Daily and Weekly is healthy
TD Indicators has had its 1-4 candle correction and could now look for a new count up to a 9
MACD on daily is curling down at the moment
STOCH RSI is at bottom and ready for another run up
We are consolidating on top of Mid Bollinger Band

We are still within the daily cloud in healthy consolidation from the previous leg up. The only thing that could ruin the next leg up would be if BTC jumped hard...which of course is very possible.

The team still has until end of March to deliver. Hopefully they dont wait that long. We need that push from them to bring in vol. Once HZN is on BSC, then tweets from CZ/Binance will also help bring in fresh blood.

I will update again once price moves

Note

Weekly/Monthly close update

So far so good.

On Daily we just got our bullish cross of 50 and 100 MA.
Last time that happened was mid june 2020 and we went to 55 sats.
Daily BB getting tight

Weekly closed above Mid BB and the outer BB are also curling in, signaling a move soon.

We have to wait and see how BTC reacts this week for further confirmation

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BB on both Daily and Weekly getting real tight signaling a move very soon. My bet is this weekend or at least within 7 days. Move should be up

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Very good daily close at 20 sats above 200 MA on daily.
We are also trading above the cloud which is now in the green.
Last hurdle at 50 ma weekly at 25 sats.
Above that its just fibs and other targets but lets talk about those once we close weekly above 25.

We are on the starting ramp now imo. The technicals and the chart is ripe. We just need the fundamentals to be confirmed by the team (HZN) which we should get within 4 weeks tops.

Moon next

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Tapped 25 sats where weekly MA 50 is at. Might take a few days to break it and then clear skies for another 10-20 sats rise.

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We have gotten a true golden cross of MA 50 and 200 on Daily which is very significant.

Further update on weekly close tomorrow

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Very strong weekly close at 36. The team will come out with an "exiting partnership" this week. Lets see what it does to price. 45-55 is target for this week

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Another strong weekly close at 40. I believe we are 1-2 weeks away from HZN launch. Price should slowly grind up to 55 before than and use that as launch pad to new highs. Will update at monthly close

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What a monthly candle. Nothing stopping this now.
If you click play on this chart its easy to understand why we have paused here.
100% retracement and pitchfork median line.
We are forming an ascending triangle from which we will break out from within a day or two. Most exciting will be what happens around 55. Theres no such thing (IMO) as a triple top so I think we clear 55 like butter.

Note

Today we got a bullish cross of 100 and 200 MA on daily. Thats a huge confirmation in my book.

Not sure this pitchfork is gonna hold :)

Might have to make another chart because its running out of screen space.

HZN not even launched yet.

Use your own imagination

Jankan88

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