HBARBTC trade ideas
Hedera Hashgraph Fake Breakdown Complete, Bulls Time!Do you remember a few weeks back when I kept on mentioning the "fake breakdown" being printed on many altcoins charts?
Here we go again...
Hedera Hashgraph (HBARBTC) had a fake breakdown recently... Meaning that prices moved below support just to quickly move back above it.
This can also be called a "shake out", or stop-hunt... Looking for liquidation... Whatever...
What is really important here is that this is a bullish move and supports additional growth.
Of course, the charts can always change... and we switch to bearish if prices move back down and close below support.
That's why we always use a stop-loss when trading.
As for the chart signals...
We have the MACD, RSI, volume... etc.
You already know my classic signals :)
Thanks a lot for your support.
Namaste.
HBAR / BTC - Inverted Cup and Handle Projection IdeaAnother Short Idea for HBAR - within the 192 day cycle from first candle after peak, possibly we form an inverted cup and handle and head downwards.
Target areas listed for buy/sell. Candle wicks hidden/ignored in this chart.
Random Thoughts:
The USD and BTC pairs are a bit at odds with each other right now. With this idea, we'd hit a long target of around 5-5.8 cents (possibly higher - depending on BTC value)
on the USD pair which still looks bullish, and then a significant correction before really moving upwards.
HBAR / BTC - Similar pattern shown now as during previous runObserving / comparing the following shows an incredibly similar pattern with each other:
Top: HBAR / BTC current daily chart
Bottom: HBAR / BTC chart pattern printed on shorter timeframes during the rise from 114 - 865 sats in early to mid February
HBAR / BTC - Monthly Massive Bull Flag Almost ReadyBeen saying this for a good while, the longer this keeps taking, and the lower the price goes, the higher I believe it has to move.
Today Coinbase announced HBAR as a candidate, Bitcoin.com added it to its exchange, 15 incredible companies on the governing council,
and we are still hovering around 49-51 position on mcap.
I believe this has a ton of room to grow, and is a much better candidate with real use cases than
so many that have already risen to top 20 coins.
As always, beware BTC and plan for every scenario.
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!
HBAR LOOKING AWOSOME TO ENTER (HBAR/BTC460)HBAR/BTC
LOOKING GOOD ABOVE THE ZONE, RECENTLY BROKEN THE TREND LINE RESISTANCE AND RETEST IT AND ALSO ABOVE THE ZONE ,SO LOOKING GOOD TO ENTER WITH GOOD RR.
SUPPORT:430-437
TARGET:460-484-540
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HBAR / BTC - All time fib retracement levelsLook at how perfectly this retraced to the .236 fib after it changed direction following the google news.
We're looking a heck of a lot like Ethereum / USD (whether you are looking at this pair or the USD pair) before it's mega-move from 40 cents to 1400 dollars.
We also look a lot like Tron / BTC chart before it's massive 2017 run.
HBAR / BTC - Approaching decision timeWe moved back down into the triangle, HBAR is having a difficult time deciding where to go, though the monthly chart still looks like a giant bull flag - it could still go either way.
We are almost at the end of the triangle, expect it to make a choice very soon.
HBAR / BTC - Bullish Diamond Reversal Pattern IdeaNew idea - bullish diamond reversal, min target - length of diamond, max target 1.75x length of diamond
HBAR/BTC (Trading at Key Support Line)HBAR/BTC
-this coin has been in the sideways ranging market for the last 117 days
-currently holding off the key trendline of support
-this level also a confluence of the 200D MA dynamic area
-the only safe trading approach is to confirm the break direction
-if we see a breakout above the descending trendline
-that is a good buy signal or you may wait for a retest of new support
-get ready your alert and add this coin to your watch list
Lateral moves with surprise aheadHBAR have been prolonged its lateral moves. Today a community town hall might clarify further steps in the coin timeline.
The coin has been moving around its long term resistance levels but seems ripe for a bigger move depending on the outcomes of the town hall meeting.
Slowly but steadily HBAR is detaching from its downward trend
Buy current price
TP: 485 - 562 -660 - 800
HBAR/BTC in GREEN MODEStraight to the point guys,
HBAR is looking bullish in coming days, WHY?
1. Weekly resistance was broken at 445, and once that was broken it became support and it is tested and has been rejected which indicates bullish move.
2. Also the accumulation zone between two trend lines has been broken and the new candle is formed above the upper trend line. The candle also wicked the trend line with rejection, which indicates that candle is respecting the support.
3. Candles are going to test the daily level at 471 sats, till then it would be a 7 percent gain. And if it breaks the daily level the next stop would the monthly resistance at 533.
4. RSI indicates there is room for more 30 percent. Bullish.
5. MACD histogram showing upward trend.
Entry:
Optimal Spot: 440 - 452
TP 1: 471
TP 2: 497
TP 3: 533
Stoploss: Below the weekly level at 414, In worst case, the candle may retest the support at 414 and going to retrace back. whose chances are 5 percent as i mentioned all the technical points above.
HBARBTC OutlookHBAR has formed a triangle, and is nearing the break point, as it is coiling up. I would guess it breaks to the upside, as volume starts appearing.
Only concern, RSI looking a little laggard.
#HBAR $HBAR Soon Breakout and rocket mode on (21 july activity)#HBAR Soon BreakOut and Pump
Bull
#Short_Term_Buy
HBAR / BTC - Made a similar pattern prior to the Google pumpWas just noticing this on the chart, after bottoming Hedera Hashgraph appears to have made a similar pattern on the chart as the larger pattern printing now.
Will we see a repeat of this? The last time was predicated on the announcement of Google joining Hedera's governing council.
HBAR / BTC - Bounce from support at top of long-term triangle?Let's see if we bounce here or break downwards.
A bounce from here is a very good sign for strong bullish continuation, a break back into the triangle puts us back into consolidation, a break below the triangle is a strong bearish signal.
