Hbar
HBAR / USD - On Balance Volume Rising Since March.. Last.. YearOn balance volume for HBAR / USD (as well as the BTC pairing) have been rising steadily since March of 2020, when it dipped momentarily following the insane Google news rally.
What do we know about OBV? OBV rising as price falls or remains flat indicates price will eventually rise. We can see that it did exactly that proceeding the Google rally, as price corrected while OBV rose. The end result was a 1300% increase in price in approx 120 days, 1000% of it within 90 days.
Here we are again, a prolonged correction following the last rally, and on-balance volume has continued to increase.
I'm expecting a promising future for Hedera Hashgraph, as compared with Chainlink and early Litecoin, both of which I've done chart comparisons with for HBAR that have so far turned out to show incredible similarities.
See links below to previous related USD and BTC pairing charts, as well as some of my older comparisons with the other two alts that experienced extended growth in the past.
HBAR / BTC - Repeating Pattern UpdateQuick update, the repeating pattern idea posted a while back continues to be the most accurate of my forecasts for HBAR / BTC. We bounced off of the green support area, as well as the top of the bull flag we broke out of. This was the same behavior we saw prior to our previous big move up.
The longer we drag out here, whether through June, July, or longer, the larger the potential becomes for our eventual move up against bitcoin. Alternatively, the more immediately we move, the lower the high will be as opposed to dragging out for weeks/months (see TP 1 and 2 for a more immediate move, for a dragged out move - we could see 1400 to even 3.5k sats or higher).
Expecting that we range for some time between the green support and red resistance areas for some time, potentially with a few wicks that could take us to or near 700-860s sats or as low as the bottom of our green support area (potentially touching the top of the flag again if lower). Eventually we should break our recent high and/or 864 (weekly all-time high), re-test and then take off into price exploration.
Original chart linked below and here:
HBAR following the BLUE LINEThis is actually blowing my mind. I dropped a few trend lines on the HBAR chart — one that has been support since December 2020, and another one that has been a down trend line since March of 2021. I also dropped a shorter term downtrend line that was in the shorter term, but it isn't relevant yet.
Well, HBAR broke back above the five month down-trend line. I'm happy about this.
It has also followed the blue line that I drew a few days back, and appears to be now dropping with the blue line I drew.
As much as I don't want to see HBAR drop, I can't help to be okay with it as the rest of the blue line suggests that we will be exploding up in the near future.
This is not financial advice. Please do your own research. :)
HBAR / USD - Broke out of DowntrendWe've broken out of our downtrend after touching the exact bottom of the red box, twice. First we need to get out of the red box, then next resistance will be green box, followed by a re-test of highs. Eventually expecting a new ATH.
Pay attention to what the BTC pair does, we're still ranging within a repeating pattern, see other / old BTC pairing chart here:
Other related BTC pairing ideas below.
HBAR - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
HBAR is sitting around a strong weekly demand zone in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H4: HBAR is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, HBAR would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
HBAR / BTC - Potential New Parallel UptrendHedera Hashgraph may be forming a new parallel uptrend on its way to test and/or break the ATH from 2020. This idea is in line with the Repeating Pattern idea, linked below.
We may follow a path something like what's shown within the inner and outer channels here. MACD for confluence that we might be at or near the bottom of the channel.
A break below the channel or below the red box from the Repeating Pattern chart (below) could invalidate both:
Hbar update 002…I am aware about my writing skills but I prioritise here information rather than oratory..
... current south movement is nothing else like correlation of the coin with rest of the market. While all the other ones are losing vs BTC for some reason Hbar is defending 500. I'm looking at correlation with ADA NANO and WAVES. All three of them are depreciate vs BTC much faster than the Hbar do which could bring the value lower. The market cap of Hedera now I am writing is 1.47 bln. I suspect for price of BTC to be slashed by another 50% and hopefully the Hbar vs BTC will drop to 250(the rectangle on the bottom of the chart possible demand area). If somehow this scenario will be fulfilled the market cap should be 4 times lower which gives a lot of space for further grow and possible solid profit. There are loads of talk about Hashgraph I think I saw somewhere that it reached 2bln transactions and it is involved in creating the digital fiat currency/ies.
...I am not sure if I mentioned it before if so, I would repeat myself. Currently cybersecurity is growing market same as AI nanotechnology and quantum computing and if by any chance, there will be some security issues (hacking etc) with BTC or other cryptos. Hbar will have its time to proof its usability. There is nothing in this world which is stable and can not be broken whatever ppl believe or the creator will say. It may sound like betting on the black swan but if U think about it BTC is a black swan on its own. The book written by Nassim Nicholas Taleb – The black swan is very good book about it.
If U will consider boom of BTC and crypto itself as The black swan U can as well expect that BTC will show some kind of security vulnerable which are not visible at current time. Information like this would most likely shake the crypto.
Any type of activity investing building farming etc is governed by the same rule. People will always move towards the most profitable most practical and safe environment they can afford. The moment when something which is stable and future proof will show some signs of weakness it will be natural for ppl to look for alternative. Also, the small thought of mine not every good idea will be applied to the market sometimes is the worst one like choice of VHS for video recording or electric cars. The moment any project is heavy funded by government it is most likely to thrive in near future.
If U believe in the project and see it as future do not have negative emotions when the price will go lower. I see it as the gift because I think if this will explode there will not be another opportunity to enter with potential of tenfold or more in profit...
Hbar update 001...this place I market with the Hbar/BTC value is the place where someone bought it for 10 mln Hbar after announcement about Hbar is being involved in digital fiat currencies.
apparently this place is holding nicely and it is pushing value of Hbar vs BTC is going up in very nice fashion
HBAR / USD - Bottom of Channel / Bull Flag & Possible PathsWe've reached the bottom of our bull flag / channel. Possible paths from here are suggested on the chart. We either:
1.) head back towards the top of the channel (which could occur much quicker than shown above, or the dragged out way suggested on the chart)
2.) head down below the channel, re-test our support area and bottom of channel and if we don't break back in/above, it's down from here.
Hbar possible another entry when BTC will drop to 16k
Based on my previous ideas I'm patiently wanting for another solid drop of BTC. Hbar price in USD is 16c while I am writing. HBAR/BTC is holding 500 and it can stay like this for some time I assume. I would not be surprised when it would actually go above 600 and further.
I see potential for price to drop below 10c or maybe below 5c, which would be great opportunity to go long here.
Last week USD got stronger DJI went down and didn't breach 35k number.
Stronger dollar DJI going south is good indication that BTC price will go down soon.
BTC vs ETH vs MATIC vs ENJ vs HBAR vs GRTCoin comparison for July Lift off, what is worth more in percent comparison.
HBAR SidewaysRed Support, Green Resistance
If u want to buy, I prefer wait til the candle reach resistance or support.
HBAR / BTC - Weekly needs to close above 520-30sNeed to see weekly close above the green box here, better yet the X, for us to remain bullish. We don't want to see it close below the green box or get back inside of our channel from the bull flag we previously broke out of.
Here's what I'm hoping for, regarding the bullish scenario - it looks like we were about to begin wave 5 (not just with HBAR, but with a lot of cryptos in the market, including BTC), and then corrected hard. This could be a strong attempt to get in lower before that wave 5 happens. That said, if we close much lower than where we are now, we could see more bearish or even sideways movement for months.
Let's see where today's weekly closes in approx 9 hours from now, and will update.