dragononcrypto
Long

HOTBTC: Weekly Flirting With TD Green Price Flip

BINANCE:HOTBTC   Holo / Bitcoin
To elaborate on the Daily bullish view of HOT/BTC:

  • Bullish divergence on the CMF (compared to bearish on the Daily time frame).
  • RSI beginning to find support from breaching oversold conditions at 30.
  • TD Sequential reached an aggressive 13 (as far as TV algo goes).
  • Weekly candle is flirting with a green 1 when 9 sats or above.
  • MACD yet to bull cross but coming closer together.

Bullish divergence aside, I'm liking the simplistic sequential weekly view at the moment:

  • The last time a green 2 went above a green 1 was in January 2019, the price rose 20 sats to 46 ATH within 2 weeks.
  • The price therefore could breach the falling channel resistance first time (on a green 3 going above a 2).
  • Next week could active the first long trade on HOTBTC for 9 months, based on the sequential system.

Resistance levels modified for weekly view: 12-14, 21-23, 28-31 as well as 46 ATH .

HODL for dear life?
I think $HOLO is about to fall off a cliff...these indicators have all been the same for a few weeks now, and Binance closing off access to the U.S. today and nowhere for U.S. Hodl'ers to go...I'm anticipating a big sell off and I'll buy it cheaper on a new exchange in a couple months.....maybe.
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