You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are BUYING OPPORTUNITIES! HUGE GAIN opportunity in the coming months! NEVER TRADE BLINDLY. USE MULTIPLE INDICATORS TO MAKE CALCULATED DECISIONS. TRADE WITH NO EMOTIONS!!
FACTS:
1. HBAR IS CREATING A FALLING WEDGE PATTERN WHICH IS A "BULLISH" CONTINUATION PATTERN BOUNCING BETWEEN TWO DOWNWARD SLOPING, CONVERGING TRENDLINE!
2. RSI IS HIGHLY OVERSOLD ON THE WEEKLY! LAST TIME WE BOUNCE OFF THIS RSI TRENDLINE, HBAR DID A 16X MOVE WIHIN 3 MONTHS!! WE JUST BOUNCE OFF IT AGAIN 2 WEEKS AGO! WILL WE HAVE THE SAME MOVE AS THE LAST 16X MOVE?!
3. STOCHASTIC RSI CROSSED BULLISH BUT ARE AWAITING THE 20 LEVEL (GREEN LINE) TO BE CROSSED FOR BULLISH CONFIRMATION ON THE WEEKLY!
4. NEEDS A BREAKOUT FROM THE FALLING WEDGE FOR MORE CONFIRMATION!
BUY TARGETS (IF WE END UP DIPPING DOWN, I AM ADDING ON TO MY POSITION AT THESE PRICES !!!! : $0.12 - 0.16 (BETWEEN RED BOX BOTH CORRESPONDING TO FIB TARGETS)
SELL TARGETS (UNLESS YOU ARE IN IT FOR THE LONG RUN, HODL TILL WE HIT $4+!!) TARGET 1: $1.31 (CORRESPONDS TO THE 3.618 FIB) TARGET 2: $1.51 (CORRESPONDS TO THE 4.236 FIB)
Good Luck!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
Just like every HBAR holder I am looking for a $2-4 hbar spike this year. That is not an unrealistic scenario, but you need a combo of investors and traders to pump the price. One thing with hbar, the project doesn't do a whole lot to promote itself. I get it; they don't need too. I know they have superior tech, but in a crypto bull run you need to attract some attention, not just long term investors, to get some good pumps. This is a rough guess, but you need a market cap of $15-30billion to hit $2-4 price. I think this is very doable if HBAR gets a little attention and the bull market continues strong for the rest of the year.
slatermaus
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Looks like the weekly stoch RSI is breaching 20 now!
lvbbaehr
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How are you getting a falling wedge on HBAR....Its clearly a "Channel Down". Still bullish if it breaks to the upside; However, Falling Wedge? IDKnoooooow?
jaydee_757
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@lvbbaehr, on a longer timeframe, i usually count the body of the candle more than wicks. If we count the body, looks like we are in a falling wedge.
lvbbaehr
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@jaydee_757, gotcha....i always have wondered what approach people take in regards to wicks... Thanks for sharing that
robileak
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I m agree with your idea thanks for sharing the great ideas with us
Haddry00
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Is there no hope for hbar to reach above $2 this year? By the way thanks for the analysis. Appreciate it so much!
jaydee_757
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@Haddry00 its very possible if BTX hits over 100k. lets take it one step at a time, but im hoping this year!!