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Holo Triangles Update (Buy-in After The Retrace)Remember our Holo (HOTBTC) triangles, from our last update? Looking at past history, we can see how Holo (HOTBTC) produces a descending triangle on its correction before breaking out to the upside. We saw a really strong move after a low was hit on the 13 May. This impulse lasted until yesterday, 21 May, and generated over 92% profits. On the retrace, we can see that today's candlestick is back within the triangle. Support can be looked at around the 19-21 satoshis range. 23 satoshis if HOTBTC remains really strong. Once HOTBTC finds support, we can buy-in and go long. Chart signals: First wave went from 15 to 29 satoshis breaking above multiple resistance levels. EMA100 (24 satoshis) is the immediate resistance. Needs to be broken and close above for additional bullish action. EMA200 (22 satoshis) is the immediate support. Needs to be broken for further retrace. The arrows on the chart mark two of the main potential scenarios. This is not what will happen, but what can potentially happen. This is not financial advice. All information is shared for learning and entertainment purposes only. Thanks a lot for reading. Namaste.
H
by MasterAnanda
5
$HOT looking like a good opportunity for the next bull runHere is Holochain (Hot) on a daily chart, going back to September. You can see we have bottomed out in Sat price since January of 2019, after the large run in February up to 46 sats. Bitcoin was in the 3000-4000 range so the sat value is not as important as USD value which has been steadily increasing as Bitcoin climbs higher. Currently we are reaching ATH in $USD at around $0.00158, and could easily break this. The RSI at the very bottom is at 53 which is healthy for a rising coin. All in all , I think this is the start of the next bull run and holding your own set of coins will be the deciding factor in long term success. Holochain presents a unique idea to solve the many problems with the internet, social media and the banking system. This coin has also been trading for less than a year, so long term growth is more than likely.
HLong
by TheRealOctosquid
HOT - HOLO IS APPROACHING THE BUY ZONEBINANCE:HOTBTC is reaching a zone of very strong support. It is still a new project and would give a perfect opportunity for a long term hold. Buy-Signal: Holo is trending upwards but doesn't form a clear support and resistance SuppertrenD channel. There is not a defined support channel, so we can only rely on the logarithmic trendline and the 0.886 from the recent top. Since holo is hitting this support with strong momentum, we can assume that we will at least get a bounce there. It is hard to define targets because there is not much data available. The recent dumped definitely confirmed a new resistance channel which gives us an indication of the next price resistance by applying a simple linear regression. Unfortunately Holo is still downtrending and the resistance channel is depending on time. We can be quite certain about the support zone, but not too clear about the target yet. Buy HOT between 14 and 17 Satoshi. Liquidate the position if we crack 10 Satoshi in an overall bearish market environment. This trade is quite on the risky side, but the upwards potential justifies the risk. I hope that was helpful. Best, Felix Kewa
HLong
by FelixKewa
2
Holo/Bitcoin/Tether (13 May) #HOT $HOT #BTC $BTC #USDT $USDTMFT is moving in the Falling Wedge formation combining Wolfe waves, this is a bullish formation and we can expect the target to 60-62 within 1 week. However, according to me, MFT is not in safe price range for holding long-term. Because MFT owes us 1 leg in 40-45 zone. I suggest to buy at 49-50 range and sell around 60-62. Then set alarm at 40-45 zone and buy for holding long-term Stoploss if price falls off the big Falling Wedge fomation, is below 40
by CryptoStation
BITCOIN: Question of the month - does it have any value?People certainly think that Bitcoin has value! How do I know? Because there is incontrovertible evidence that in recent days people have gone greedy for it. However there is expert opinion (which shall remain nameless) that Bitcoin is NOTHING and has no value at all. I'm really amused by this opinion because it flies in the face of evidence. The chart shown in this screencast is the evidence of BTCUSD running a very hot RSI again! Billions have been spent buying this thing that is called 'nothing' by the good and great. Arguments for Bitcoin being ' nothing ' is that it is ' thin air '. Oops that must mean that when I transfer fiat money wirelessly I'm transferring 'nothing' too - cuz I certainly do not transfer metal or paper money when I use my credit or debit card. A few months ago I even showed that it is now possible to transfer solid Gold electronically - which now makes Gold to be 'thin air' - if this so-called expert out there (nobody on Tradingview) is correct. What many a guru out there fails to understand is that the value of anything is what people are willing to attach to it. But some people then argue that a) BTC is nothing and b) it has no intrinsic value . Of course most of the people who chunter about 'intrinsic value' cannot define what they mean. All value is represented by how much people are willing to exchange for some 'thing'. The 'thing' certainly does not need to be physically tangible in the hand. Why? How? Because most (fiat) money in the world is not held in the hands - these days. A measure of value is also how much effort, labour or service one may be willing to exchange to acquire 'the thing'. There was a time when money did not exist. That did not mean that nothing on earth had value! Way back then, value in physical form may have been represented in food items e.g. sacks of potatoes, livestock, water etc. So - if you lived back in that time, you might be willing to exchange so many hours of work for potatoes. You might then trade your potatoes for something else you wanted to acquire from somebody else. Even stocks/shares are 'thin air'. The piece of paper stating your ownership is only proof of promise and a record. To trade the stock you gotta do that via a broker etc - and that activity is electronic, in the vast majority of cases. 'Value' and some 'things' exist only in the mind. BTC is the result of a mathematical equation and its value exists as 'thin air' in the minds of people - as does all value. Today Bitcoin is a vehicle of value for something. It doesn't matter if it is made out of thin air.
BITFINEX:BTCUSDEducation
by Captain_Walker
1
HOT/BTC to 52 Sats end of May! It is pretty obvious that HOT will reach heavy supports soon. - 200 MA - Supertrend - previous high at 23-24 Sats Also, the upper trend line has worked out three times as a perfect trend projection. The continuation of that pattern will lead HOT to 52 Sats until the end of May. Investing today at 23 sats would indicate a 126% gain. Please do your own research before investing, that is only a chart analysis not a financial advise. If you want to invest use the most secure exchange available - binance. Invest your FIAT money to crypto here: www.binance.je Invest your BTC here: www.binance.com
HLong
by Richart