Should this play out, it could see a significant run up against Bitcoin.
Presently the lowest wick on this 3rd bottom hit directly in the center of the previous two. It may continue lower beforehand, or it may already be done bottoming.
Here's an idea to support the possibility that BINANCE:HBARBTC may be ready for or have already begun a reversal that is potentially headed towards a new ATH.
HBAR ended its second run vs. Bitcoin with a slightly higher new high, giving it a flat top. Since correcting, it has formed what could be a strong reversal at a low that is parallel to its previous...
It is already growing... Hedera Hashgraph is already green and has been green since 5-December.
Looking at this chart, HBARBTC, we can spot a triple bottom pattern; This is a very strong reversal signal.
➖ The volume is good and tends to lean towards the bulls.
➖ The growth is nice and only now is building up.
➖ HBARBTC is trading above EMA100 and MA200...
BINANCE:HBARBTC weekly bar chart has formed a falling wedge over the last couple of years, starting around September 2021 until now.
Bullish Scenario
A move to wedge top with a breakout would target the "Google Pump" era highs of March 2020, and with a potential secondary target at or above ATH.
To see a bullish breakout, it needs to hold the 150-160 sats...
Reasons to be Bullish:
1. Weekly Bullish Divergence
2. Coming to then end of a falling wedge
3. Market in general looks primed for a move upwards
Reasons to be Bearish:
1. BTC making moves might displace some ALTs
i.e. BTC Dominance may increase in the short term, before ALTS have their chance to fly
Published this on Twitter quite some time ago, it still appears relevant and is potentially approaching the end of Phase C (if it isn't extended for longer).
Here's how this was supposed to look, TV seems to be scaling things when we include a photo or screeencap in our charts:
💎In the world of cryptocurrencies, #HBARBTC stands out as one of the coins that has managed to maintain a valid uptrend against Bitcoin. This distinction becomes evident when we observe the price consistently staying above the uptrend trendline. Currently, it's intriguing to see that the price is testing this trendline once again. This area holds the interest of...
Unconfirmed cup n' handle pattern on the 1h chart for BINANCE:HBARBTC
What is confirmed?
- We have a cup
- We have a handle
- We broke above the handle and have held above it
- We've held above highs near the early formation of the left side of the cup
What's required to complete confirmation?
- Break and hold above the red line at 256 (252 was the...
HBAR completed a major classic ABC correction and is already advancing within the new phase, the bullish impulse.
We can expect massive growth from this pair, super fast and super strong.
The volume is great, the indicators are great, everything is pointing up.
All the bullish signals are really strong.
Growing on a weekend while people are either away or on...
Quick mini update on HBAR / BTC pair:
Broke above a falling wedge on the daily, reached TP 1. Since then it has maintained above the little green support area drawn on the chart, and should be moving up to 216 sats or TP 2 next.
This lines up with the 200 day EMA after getting above the 50 day EMA/MA. 229 sats could also be reached if it hits the 200 day MA
RSI trending up during the entire falling wedge, it bottomed as the wedge started, and then moved above 30 at its bottom. Wedge broke out, price fell back to weekly support near the same bottom.
So, we have bullish divergence b/w RSI and price, a bullish falling wedge that broke out but hasn't risen yet. Price fell back to weekly support a second time,...
Look Who It Is!
Friends always ask me: Danial, why do you choose a weekly time frame in your analysis? I say it's correctness for the trend analysis.
After all, In this job, Nothing is certain.
As you can see on the indicator, the price passes the trendline and back again below the trend. (fake out is shown by a blue circle).
Besides, a divergence shows up on the...
Well, it would def be nice! Big, if true! :)
I actually posted something like this before, but the HSi's right shoulder is now parallel with the left one - that is, if... it stops here instead of making a double bottom or a 3rd bottom that is yet again lower.
Silly ideas sometimes work out, let's see.
Hedera Hashgraph has been growing long-term vs Bitcoin, we say this based on the fact that a low was hit December 2020 and higher lows have been printed since.
Prices peaked September 2021 and this marked the beginning of a long downtrend.
A higher low comes in May 2022 followed by another one December 2022... Now, in 2023 HBARBTC breaks the downtrend that...
The same pattern... I mentioned yesterday many Altcoins vs Bitcoin pairs and how they were recovering, looking bullish.
I equated this with a Bitcoin correction.
So far we have no correction but Bitcoin has been going sideways.
When Bitcoin is sideways, the Altcoins grow.
While Bitcoin has not entered a correction these Altcoins vs Bitcoin pairs are ending...
