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HBAR / BTC - Alternate Idea: First Bearish, Then BullishI need to predicate this with the fact that I'm actually super bullish on HBAR, and most of my ideas are based on its bullish momentum having more immediate continuation. That said, I sometimes try to come up with alternative theories that oppose my own presuppositions, and that is what this is here. So, let's take a look at HBAR from a different perspective than my typical posts, and we'll look at its monthly chart instead of the weekly, daily, or lower timeframes: The highs from March 2020 (last year) are now just wicks because they were never able to close nearly as high as it rose on the weekly or daily charts. Taking this into account, you could start to consider that an inverse head and shoulders pattern is beginning to take shape on our monthly here. It remains bullish overall, but goes against what myself and many of its fans and followers are expecting - which is the completion of a bull flag on the daily (see linked chart below) with much more immediate bullish movement to a new all time high. In the scenario instead, an HSi forms here, and we see bearish movement in the near term first. This acts as a bit of a shake out while longer term holders take profits, and when its done, then we shoot for a test of previous highs and a new all-time high. Something like this could occur with the BTC pairing if bitcoin begins to move up again finding yet another new ATH. So, instead of seeing a more immediate alt season, our alts still gain in dollar value but lose vs. BTC for a while again first. That would also give BTC dominance a chance for some relief in its downtrend since we went sideways and saw our ETH move. It would also build further momentum for a stronger alt season than having one that occurs more immediately. Just a different take, I'm probably wrong but felt like sharing anyways, cheers and thanks for listening. :)
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by dudebruhwhoa
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HBAR/BTC Confirming my outlook?I originally posted an idea about HBAR/BTC possibly seeing all-time-highs in the near future. I said that I would be watching for the 0.00000575 level, and at the time of me posting my other idea it was in the 0.00000540 range. Currently, it stands at 0.00000550, with no signs of stopping. I am still watching for the 0.00000575 level for confirmation/entry, but I believe we are setting up for a beautiful upside with the current levels as support. What do you think?
Long
by Amci99
HBAR/BTC Breakout Coming?Hedera Hashgraph (HBAR) has massive potential against BTC in the coming days/week. Its ATH versus BTC is around 0.00000850 BTC for 1 HBAR. It currently stands at 0.00000540. However, based on a wedge that has been building up in this pair, we could soon see it around 0.00000600 HBAR/ BTC , with no upside limit after it breaks out of this channel. I cannot post images as my account is new :( I am watching to see if it breaks 0.00000575. Let me know what you think!
Long
by Amci99
HBAR BUY at structure BREAKOUTGood morning, Alkalites. Today we woke up with very good news! Ethereum broke above $3k, and the cryptocurrency market is slowly being filled with institutional billions. Today we are adding to our long term portfolios Hedera Hashgraph (HBAR). As you can see, HBAR struggled to maintain its demand levels even when BTC was consistently uptrending. However, it finally rebounded following the current market bias. As we stated in the past, this token can be considered as a good long-term opportunity because of its "Hashgraph" technology, although it can be affected by the low quantity in circulation. The HBAR team publishes monthly reports with the dates of the respective token unlocks. BTC recovered its uptrend, so it boosted the capitalization of the entire market, and now we are able to catch purchases at a relatively good price. We will try to find more entry points following the DCA strategy to avoid unnecessary risks. Have a nice Monday, Alkalites!
HLong
by CryptoAlkaline
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Crypto In My BagALGO is my fav, but I'm heavy on CVC, HBAR & VET as well. Drew some lines on here. They'll change, bag composition will as well but my commitment to most of these jingle bags will not! Dunno where my entries are, the only recent additions are 1INCH, AMPL, CRV, SOL & SUSHI. Will probably flip Sushi for something else soon and bag up on the rest. Got out of ENJ a while back for a 2x but got back in during the recent consolidation. Might bag up on it, the Enjin games look the best of all the chain-games, imo.
COINBASE:ALGOUSDLong
by lazytrade
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The FUTURE of HBAR As you can see, HBAR has struggled to maintain its demand levels even when BTC was consistently uptrending. Although this token can be considered as a good long-term opportunity because of its "Hasgraph" technology, it can be affected by the low quantity in circulation. The HBAR team publishes monthly reports with the dates of the respective token unlocks. The massive gains it has made since its ICO in 2018, could produce big waves of sales in the mid-term until new investors determine its future value. At this point, it is in a situation similar to the analysis we did of GRT. We could have two scenarios, if BTC recovers its uptrend, it could boost the capitalization of the entire market, and after the rush of possible sales, we could catch purchases at a good price. On the other hand, if BTC continues to fall and the major Altcoins continue their bull run in the coming weeks, HBAR could be left struggling with its price action. This is not a recommendation for you to sell, or to place shorts, as we this token as revolutionary in a long-term approach. Stay tuned in our socials! Check our Crypto Telegram! Best wishes, Alkaline.
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by CryptoAlkaline
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