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Hedera Hashgraph / Bitcoin

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HBARBTC trade ideas

HBAR / BTC - Broadening Formation / Reverse Symmetrical TriangleHBAR vs BTC on the 2H chart appears to be in an broadening formation, also known as a reverse symmetrical triangle (this one is not quite symmetrical, but close enough for comparison). Broadening formations typically occur when there is indecision about the direction of price. This makes total sense with the recent correction across the market. Broadening formations tend to have bearish exits, but not always, and if you look at the structure of HBAR on the daily, I still feel it's bullish and that we are currently in a wave 4 preparing for a 5th wave that should take us much higher. So, in the short-to-mid-term I'm expecting a test against the top of the triangle here, and - the further this drags out before doing so, the closer we come to approaching a 2nd test of our all-time high vs BTC on the weekly chart around low to mid 860s. On the other hand, if we head down and test the bottom of the triangle, we'll make a new low on the lower timeframe charts, potentially attracting strong buying pressure that could also take us back to test our all-time high.
Long
by dudebruhwhoa
1
HBAR / BTC - May test ATH soon @ 864 satsBroke out of bull flag and have formed a symetrical triangle / bull pennant after the 67% rally that occured w/in hours a few days ago. A bullish break out of the symetrical triangle has a strong target right at 864 sats, our current all-time-high vs BTC, here's what it looks like zoomed in on the 1H chart: Should we break and stay above that, a conservative target is the yellow dotted line in the mid-900s, but considering the larger structure of HBAR as shown on the daily chart, a more likely target puts us above 1100 sats. There is potential we repeat a pattern from our previous run up & bull flag break, for that I posted an alternative scenario, linked below. If we drag out and do this instead, mid 900s to 1100 sats become conservative targets and we have the potential to go much higher.
Long
by dudebruhwhoa
HBAR / BTC An uptrend. Local channel Potential pumpingA secondary uptrend is developing. At the moment, after the second pumping, a pullback is in the trend. Which formed the descending channel. The price dropped almost to the uptrend line. Potential reversal zone. Enter on a breakout / pullback after the breakout of the downward resistance line of the local channel. Please note that in a trend, as the price rises, the percentage of pumping in% decreases, which is logical. My past work on this trading instrument. Updates work for observation 17 11 2020. Downtrend. Entering in cases of breakout, rollback after the breakdown of the trend line. + 213% from the breakout of the downtrend secondary trend line. An ascending flag is forming. + 155% from the breakthrough of the resistance of the local descending channel (flag canvas).
by SpartaBTC
9
HBAR Breakout ImminentHBARBTC has been consolidating in a falling wedge over the past 2 months, retracing nearly 36% from its prior rally (as of May 10). This consolidation pattern corresponds to wave (iv) (corrective) of an 12345 impulse structure, so I expect HBAR to rally to new highs upon breaking out. The On-balance volume and MACD DEMA are exibiting positive (bullish) divergence, while the RSI is exibiting hidden divergence. Furthermore, the Stochastic and Sotchastic RSI are oversold and about to cross bullish. The last time this happened, HBAR rallied nearly 30% over the span of 7 days.
Long
by otis_bagshots
HBAR / BTC - Alternate Idea: First Bearish, Then BullishI need to predicate this with the fact that I'm actually super bullish on HBAR, and most of my ideas are based on its bullish momentum having more immediate continuation. That said, I sometimes try to come up with alternative theories that oppose my own presuppositions, and that is what this is here. So, let's take a look at HBAR from a different perspective than my typical posts, and we'll look at its monthly chart instead of the weekly, daily, or lower timeframes: The highs from March 2020 (last year) are now just wicks because they were never able to close nearly as high as it rose on the weekly or daily charts. Taking this into account, you could start to consider that an inverse head and shoulders pattern is beginning to take shape on our monthly here. It remains bullish overall, but goes against what myself and many of its fans and followers are expecting - which is the completion of a bull flag on the daily (see linked chart below) with much more immediate bullish movement to a new all time high. In the scenario instead, an HSi forms here, and we see bearish movement in the near term first. This acts as a bit of a shake out while longer term holders take profits, and when its done, then we shoot for a test of previous highs and a new all-time high. Something like this could occur with the BTC pairing if bitcoin begins to move up again finding yet another new ATH. So, instead of seeing a more immediate alt season, our alts still gain in dollar value but lose vs. BTC for a while again first. That would also give BTC dominance a chance for some relief in its downtrend since we went sideways and saw our ETH move. It would also build further momentum for a stronger alt season than having one that occurs more immediately. Just a different take, I'm probably wrong but felt like sharing anyways, cheers and thanks for listening. :)
H
by dudebruhwhoa
1
HBAR/BTC Confirming my outlook?I originally posted an idea about HBAR/BTC possibly seeing all-time-highs in the near future. I said that I would be watching for the 0.00000575 level, and at the time of me posting my other idea it was in the 0.00000540 range. Currently, it stands at 0.00000550, with no signs of stopping. I am still watching for the 0.00000575 level for confirmation/entry, but I believe we are setting up for a beautiful upside with the current levels as support. What do you think?
Long
by Amci99
HBAR/BTC Breakout Coming?Hedera Hashgraph (HBAR) has massive potential against BTC in the coming days/week. Its ATH versus BTC is around 0.00000850 BTC for 1 HBAR. It currently stands at 0.00000540. However, based on a wedge that has been building up in this pair, we could soon see it around 0.00000600 HBAR/ BTC , with no upside limit after it breaks out of this channel. I cannot post images as my account is new :( I am watching to see if it breaks 0.00000575. Let me know what you think!
Long
by Amci99