If someone can find me more charts that show an uptrend in the chart after a double top like the one we are seeing on the HBAR chart, I'd love to see them. When I search for trading double top pattern online, the only thing that comes up are charts where the next leg is down.
I don't want HBAR to go down, but if it goes up past the previous spike, it would be abnormal.
It may be wise to sell, take the tax loss, make some trades on other projects that are moving, and then jump back in later.
I could be wrong.
This is not financial advice, this is simply for my own records and documentation.
What do you think? Do you have any examples of the pattern reflecting the price skyrocketing after a daily pattern like the one we're looking at?
One of the positives that I see here is that there is a higher low compared to the previous dip.
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If this thing bounces up to .38, and then back down in the channel, this could turn into a very long bull flag that consolidates into May.... WHICH MEANS THE POP WOULD BE MASSIVE!!!
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BTW, Just because my arrow is pointing down to .12 doesn't mean that I think the price will drop that low... I simply meant that a hard down would come before anything else. Perhaps this mornings market crash that liquidated 640 million in BTC long positions was it.