Hedera
HBAR-BTC LONG 🚀Hedera Hashgraph, what can I say…
This coin has had a lot of hype that is warranted.
Back in February Google Cloud announced it was working with Hedara Hashgraph on Distributed Ledger Technology.
The announcement of that news shot the price up 300%!
Many months and alt cycles later, HBAR has not had the gains many of the other alts had recently, posting just 25% since the lows of May.
In terms of Binance alt coins, HBAR-BTC has not performed as well as the other stars of this cycle.
Moreover, working with companies like Google and IBM is not something a lot of crypto companies can achieve.
On the TA side, HBAR has been in a downtrend since its all time highs, right before the Black Thursday event in March where all markets took a hit.
The downtrend is about to break, and can be a potential entry for a breakout.
If the breakout happens, we have two targets 480 and 530 .
If we can clear both resistance levels, a shot up to 800 could be feasible.
If price goes below 400 , I would consider cutting loses...
We may be at the end of this alt cycle powered by DeFi hype, but any catalyst can send HBAR up multiple x!
Short-term bearish. Compression wedge breakout to the downside**Not financial advice** **DYOR** **Seek professional advice before making any investment decision***
Previous compression wedge predicted bullish breakout to the upside. Tightening and breakout did occur, but in the downward direction. There may be further short-term bearishness, testing one, maybe two key support levels as shown. Remain very bullish over the medium term and long term on this understated technology that not many know about. Internally, another announcement could quickly change the market dynamics. Externally, the influence of first gen ledgers like Bitcoin remains, and could quickly change market dynamics.
Potential for macro Cup & Handle pattern to form.** Not financial advice ** **DYOR** The above diagram shows a potential playing out of a Cup & Handle pattern. Entry point only when the pattern is confirmed to have formed. On successful appearance of Cup & Handle pattern; expect grinding out for a while before upwards price discovery well beyond SAFT3.
Is HBAR doing the same as LINK did?HBAR had a golden cross when the Google News came out. Since the push, it retraced, only to hit the Golden Cross Emas.
The uptrend line looks exactly the same as the one on LINK (both uptrend lines to be drawn ignoring the false escape early on the uptrend).
LINK had the support from the big W which you can see from your proper eye. HBAR had the support from recent support line / resistance wick.
The targets could be way higher than I expected them to be at first.
HBARUSDT - 20-30% ExplosionI expect this one to move at least 20-30% to around 0.046-0.050$ target.
From there, we have to reevaluate, it may be the start of another leg up too.
After the google hype it cooled down a bit to the 0.382 Fibonacci. From here, we have a chance to make a move, depending on what BTCUSD is doing.
//The PINK line is from yesterday, don't look at it :)
HBAR super highHBAR grown by 578% since my Premium channel signal. Sure I didn't expect such a pump and it overgrown all the targets I could possibly think of =)
When people hear words "partnership" and "Google" together, it makes them crazy )))
Now time for retracement. Or not? Google, google, google, keep up reminding myself that magic word. But not buying here for sure. My bet is on retracement, as we should sell the news, not buy them.
But even with short position, I feel very bullish about this coin. It will grow high. So it is long term hodl.
Bullish for 3rd-gen enterprise ledger tech**For entertainment purposes only**
Steady linear downward trend since launch day ($0.10 to $0.12).
Tightening price range. Bullish pressure release.
Initial target price is $0.10
Strong technology fundamentals. Strong leadership and governance. Hedera has a zero-to-one business model.
HBAR/BTC 1D (Binance) Broke-out of falling wedgeHedera Hashgraph is looking quite good for mid-term after this breakout and pullback.
The road to last triangle support (became resistance) is just starting, set-up:
Entry= 0.00000127 - 0.00000135
Take Profit= 0.00000163 - 0.00000195 - 0.0000259
Stop Loss= 0.00000099 or below
Risk/Reward Ratio= 1:1 - 1:2 - 1:4
HBAR UpdateBy taking use of an old trick, we can now pinpoint HBAR's main performing formation, as 'Descending Channel'. We do that by connecting 2-point axis lines at exact 'open' and 'close' coordinates to imitate continuous performance into the future (see below). This method can be traced back to the 18th century of Japanese rice trade, where the usage of candlesticks originates from.
Step-Line 2-point axis connection for higher precision:
Moving to the fun part: expect a massive price surge once (and if ) performance has passed the 'century'-VWAP level. This makes finding the bottom even more important – which I personally believe to be around half a cent (0.005). We'll be able to determine a more precise level once the next SAR point breaks (should be any day now). We will then be able to mirror the entire SAR series' drop of -56%, from that point downward, to determine an approximate "strong oversold" area, or in other words "the bottom". This area could be strategically used to place downward incremental buy-orders. A recent buy order of some 10+ million shares @ 0.01 (roughly $100k worth) was registered, showing how quickly word is spreading about HBAR.
Key level is the intersecting level between the (blue) intermediate downward channel and the lower main channel trend-line. Breaking this level is an indication for a continuation and an exit below the channel, where bullish accumulation can begin. Take note that HBAR could produce 'wicks' as high as the 20MA or slightly below the 50MA, but performance should remain 'intermediate channel'-bound (blue).
NOTE:
Considering all the bullish facts that Hedera Hashgraph boasts, it's imperative that you understand – the implications for – and problems with – "virgin" stocks or currencies, which have just recently started trade. This analysis was made using nearly 20y of experience in chart-analysis, and still, I'd like you to take this as an "idea" only (as all TradingView posts imply). This type of trade is extremely difficult to foretell and falls under the category of "high-risk", meaning that we only know what we know. Hidden factors (if there are any) cannot be calculated into this chart. Therefor I implore you to do your own due diligence parallel to this analysis and base your potential HBAR-trades with your own confidence, not with mine. In addition: as you know, price change is famously tied to supply and demand. If demand rises out of proportion prematurely, prices could start rising outside of these technical boundaries, potentially causing you (and us all) to "miss the train".
This post will be updated continuously when mentionable changes can be observed.
Hashgraph
Before we get into the technicals, let me say this right off the bat. There is not a single doubt in my mind that Hashgraph is the future of ALL crypto currencies. It will replace the old and problem-infested system that we know today as Blockchain by finally solving the "unsolvable" Byzantine General's Problem (ultimately solved by Dr. Neemon Baird ). It solves scalability, security, speed, fairness (order of transactions), and especially sustainability, just to name a few out of so many.
Blockchain currently requires 5% of global energy usage! Let that sink in for a minute. If we were to replace the entire monetary system to Blockchain, it would require us to use twice as much energy as the entire world is currently using – completely unsustainable. In addition, Blockchain will soon reach a dead-end due to its coins running out and it's miners ultimately choosing to exit the market. It will become more and more difficult to mine, as requirements for more energy versus less return simply won't remain attractive. It will lead miners to select (which is already unfair practice) only high-fee blocks resulting in much longer transaction times (days!) leading to price shifts and so on and so forth.
Back in the day when the birth of the blockchain method was absolutely amazing compared to the corrupted FIAT currency system, it came to us already highly flawed . Major banks and institutions have now discovered Hashgraph and accepted its superiority over Blockchain as factual and mathematically proven. It's just a matter of time until the general public is made aware of the real implications for Blockchain , and why Hashgraph is to replace it sooner or later.
To find out more about how it works, simply look up YouTube for " hashgraph explained ". I found the simplest explanation to be by Mike Maloney (search for " From Bitcoin To Hedera Hashgraph Documentary " and skip to 4:12). I highly suggest to watch through all of Mike Maloney's 10 episodes about the financial systems to get a good idea of where we're headed. The content in his documentary is common knowledge today, but the explanation is made easily digestible for the average Joe.
TECHNICALS:
Hashgraph is brand new and has just started to trade this past September on the BITTREX exchange as HBAR (Hedera Hashgraph). Given the situation where a large sell-off occurs followed by a consolidation in a closing descending wedge (and exit below), HBAR could now slip down further towards 0.016 (technical low using the 1/3 rule), compensating for the sheer "falling force" of the sell-off. At the same time, keep in mind that growing public knowledge about HBAR could spark a premature rally without arriving at the proposed low.
Now, at such a young age (chart) I recommend using step-line only, and disregard the highs and lows of candles. Step-line is showing a possible miniature head-n-shoulder formation (still in the making) that could propel HBAR above the upper trend-line. Watch out for a large net-volume spike, at least double the size of the current largest one, as it will signal the trend change. Also keep an eye on RSI hovering below the mid-line (50). Breaking the upper dashed line (blue) could as well signal the trend change. I personally believe that we can expect the bottom to be between Now and February 2020, so this post could be right on time.
Once the resistances are out of the way, HBAR could quickly see price levels well above $1 and theoretically can mimic other past crypto rallies to far higher levels. Only this time it's a legit ever surviving system which will offer the fastest, most secure and sustainable transaction system in the world. Not just monetary! Any information sent across the internet using Hashgraph would arrive "untempered with" since there is always a consensus reached.
STEP-LINE
New stocks are the hardest to analyze since they offer the least information of trading psychology. So bear with me on this one, I'm here to help and I will keep updating this post along the way. Lines and connections have been averaged on step-line over log for higher precision. PM me for questions.