Once all is said and done with this altcoin marketcap bubble burst, I think that we can get a prime opportunity to grab HBAR around 3-6 cents again. What a wonderful thing!
I am able to get nice fib confluence with historical support. Loving it.
If you've ever needed a second, third, whatever chance at a prime opportunity - here you go!
Of course, this is just a possibility, but I am really looking forward to it!
Thanks!
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This would be my sell zone for a recovery rally.
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9-11 cents may be a bounce - potential bottom point, too, if this idea doesn't completely play out.
Never again will you find that price unless the project dies. Prices about to go up in the entire market. Buy low while you can.
Dawnchorus
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@rogm86, a bounce i can see, yes. Never say never : )
Dawnchorus
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This might be a decent recovery rallu, but should be the bounce before bottoming @rogm86,
Dawnchorus
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@rogm86, I could make an analysis as to why I think the market could go either way, though. Do you have an analysis that shows why something could "never" happen?
rogm86
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obviously nothing is 100%, but if you use a word like "never" its a way to show a large amount of confidence with your statement.
Dawnchorus
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@rogm86, I've been waiting for the market makers to do a recovery rally in BTC and the alts, but idk how they are going to play it out exactly. The fundamentals are very strong for crypto - but the altcoin marketcap front ran BTC and did a more true version of a blow-off top. The Dollar currency index although overbought right now looks like it may return to a higher range for a bit, too. If it doesn't take a breather here before continuing a strong up trend - I could see BTC just finishing off its down move before resuming the bull market.
rogm86
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@Dawnchorus, We are in new territory. Everything in crypto is trying to find its identity and worth. BTC doesn't look like it blew its top, I agree. Though, ETH/Alts is debatably about tops. Alts are always a wild card. Some are garbage popularity pump and dumps and others are real projects that will eventually prove them selves. With alts you have to know your project and the timing of the market to make trades. I Personally think we are in a bull market intermission and the second act is slowly starting. No one is an expert on this stuff no matter what they say. Let's discover the journey together:)
Dawnchorus
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@rogm86, Never claimed to be an expert, but I have a good amount of experience under my belt with crypto. I think that we are also still going to do a double peaking cycle, too - but many people like to downplay the fact that BTC could still ultimately do almost a 70% correction while still remaining in the same double peaking cycle. Fibs have been how I have been able to have the patience to grab stuff very low. (i.e. Cardano at 2 cents during COVID). Many said that Cardano would never go under 10 cents prior to the last bear market. The fib sequences are running so far on par to finish a move down close to 3 cents for HBAR. it doesn't have to happen, but the possibility is strong IMO. The alt coin market cap pretty much did do a true blow off top, so I can def see the strong possibility of alts really giving us some incredible life time opportunity discounts. Keep some dry power!
Dawnchorus
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@rogm86, that is where I'd sell during this rally personally. If we've seen the bottom, can always re-enter.