HBAR / BTC - Double Bottom Continued: Min Target @ 1444 Sats
I believe Hedera Hashgraph is going to be the next crypto with a sustained uptrend against BTC, similar to what Chainlink did last year, and similar to what Litecoin did back in 2014-2017.
To get there, we need to break our neckline @ approx 780 sats, and our previous ATH of 864 sats. Once we break the neckline, the next target would be the top of the line chart from the day we opened trading for this pair, and then 1444 sats becomes our MINIMUM target once we've confirmed the double bottom that has been proposed since last year.
Expect potential breaks above each of these areas, and then re-tests, or - on the other hand, stops at those same areas, and multiple tests to break above them. If we get to our min target @ 1444, I expect we'll go significantly higher, potentially into the 2400s and then 3000s.
If we fail to confirm our double bottom at any point and head down, a triple bottom may come into play, although I currently think this is unlikely.
Also on the chart, a snippet of a more detailed plan for what sort of pattern we might see with the HBAR / BTC pair (bottom right corner and linked below as "Repeating Pattern Idea") leading up to breaking the neckline for our double bottom.
See related ideas below:
*** for USD and BTC pairings ***
*** comparisons vs Chainlink and Litecoin as mentioned above ***
*** some early double bottom predictions from when we were at or near bottom ***
TradingView recently made it much easier to add images to charts, which is what motivated me to publish this one. Thanks TradingView!
To get there, we need to break our neckline @ approx 780 sats, and our previous ATH of 864 sats. Once we break the neckline, the next target would be the top of the line chart from the day we opened trading for this pair, and then 1444 sats becomes our MINIMUM target once we've confirmed the double bottom that has been proposed since last year.
Expect potential breaks above each of these areas, and then re-tests, or - on the other hand, stops at those same areas, and multiple tests to break above them. If we get to our min target @ 1444, I expect we'll go significantly higher, potentially into the 2400s and then 3000s.
If we fail to confirm our double bottom at any point and head down, a triple bottom may come into play, although I currently think this is unlikely.
Also on the chart, a snippet of a more detailed plan for what sort of pattern we might see with the HBAR / BTC pair (bottom right corner and linked below as "Repeating Pattern Idea") leading up to breaking the neckline for our double bottom.
See related ideas below:
*** for USD and BTC pairings ***
*** comparisons vs Chainlink and Litecoin as mentioned above ***
*** some early double bottom predictions from when we were at or near bottom ***
TradingView recently made it much easier to add images to charts, which is what motivated me to publish this one. Thanks TradingView!
Comment:
Added the blue trendline from the double bottom example photo:
Comment:
Update from 7/13/2021 on repeating pattern (zoomed in daily chart) from bottom right corner:
Comment:
Update, still on target:
Comment:
Latest as of 9/29, also updated the repeating pattern snapshot in the bottom right corner:
Related Ideas
