HBAR / BTC - Double Bottom Targets ChartHere's a weekly chart showing potential targets for HBAR / BTC after having double-bottomed.
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IMPORTANT NOTES
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Before we can start using this chart, we first need to get and stay above 847-864 sats (0.236 fib and previous daily ATH before it was breached).
If we don't manage to do that, a triple bottom becomes possible - so keep that in mind.
Also, note that this is an OkEX exchange chart which has a different weekly candle schedule than most exchanges, so it will look different than Binance or Bittrex, for example.
Also, the listing day ATH on Binance was 3573 sats, so if we actually revisit that area, it may go higher than what is seen on here with the high @ 3294. I'm simply using this one because it was a fresh chart with no prior drawings.
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TARGETS
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This chart shows two different potential TP 1 and 2's for our double bottom, indicated by the two different colored sets of two arrows (white - more conservative, yellow - more aggressive).
Conservative TP 1 = 1437 sats and a range around that and the 0.382 fib around 1315. A safe TP 1 might be something in between, like 1367 for example.
Conservative TP 2 = 2130 sats and a range around that and the 0.618 fib around 2070. Instead, we could also use the mid-point of TP 2 as a safer TP 2 which would be around 1786 sats
Aggresive TP 1 = 1637 sats and a range between that, our 0.5 fib of 1692, and our conservative TP 2's midpoint @ 1786. So, 1637-1786.
Aggresive TP 2 = 2438 sats, or a range between that and the 0.786 fib @ 2609.
Finally, if we can get above all of these, it's possible we re-visit or even breach our listing day high @ 3294 (3573 on most exchanges). Get above 3573, we go into a new area of price discovery.
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TRADING RANGES
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I like to pair our pattern targets with fibs for confluence, but also for estimating potential trading ranges.
So, we could also use the purple boxes, as well as the black areas in between them, around our targets and fib levels as potential trading ranges.
HBARBTC trade ideas
HBAR / BTC - Falling Wedge to Daily HSi Success or 4H HSi FailBullish daily line chart above / Potentially bearish 4H line chart below if conditions not met soon:
Bullish:
In the bullish light, we've broken out of our daily falling wedge and moved relatively sideways since. There is now an HSi on the chart that has broken above its neckline, dipped back below unsuccessfully, and is now back above.
That pattern indicates short term bullish targets of 730 sats -> 819.
- Initial target @ 730 sats target lines up closely with our 200 day HMA and our resistance at 736.
- Also, 819 approaches our old ATH area of 864 sats, which would be our target on the 4H chart if it can get and stay above its neckline. If it can't, we may see a bearish move, more below.
Bearish:
However, there's still a bearish scenario that could play out here as well:
Our 4H chart HSi is still below its neckline (see below) and needs to get above ~640 or it could look like a failed HSi.
- A failed HSi might send us down to old support areas and the top of our daily wedge around or just under ~400 sats.
- Our min target in the bearish HSi failure would be @ ~500 or just below.
HBAR breakout of bullish falling wedgeHBAR/BTC
1D/12H
Its good to check both pairs when trading alts to see if there’s confluence in both pairs and the BTC pair looks as bullish as the USDT.
Price had been accumulating 7 months between March and September and broke out and corrected, formed a bullish falling wedge and has broke out taking liquidity before retested the daily demand zone collecting any remaining orders before starting an impulse move with higher volume.
MACD showing crossover with volume gaining on histogram on both timeframes. 12H just starting to cross over the centreline giving a bullish signal.
Fib projections on the chart, expected to head into the 1.272 and the 1.618
HBAR / BTC - Repeating Pattern: End of September UpdateThe larger pattern has continued to repeat the smaller one since suggested back in May this year -see "HBAR / BTC - Repeating Pattern Idea - Worst Case Bull Scenario" in the related links below for my original post.
We finally got our move up during the first half of the month, as suggested in the End of August update.
For the 2nd half of September we've been correcting. The larger pattern that this is a part of is a double bottom on the all-time chart. Our double bottom min target is somewhere between mid-13 to 1400s sats , or it could be as high as low to mid 1600s sats . So far, we've corrected down to areas of previous weekly and daily ATHs, but haven't yet tested our previous weekly top. If we see further correction, it may go down as far as ~708 sats . If we go lower than that, we may see a shake-out prior to beginning our last and largest move up.
If we continued to repeat, we'd likely have a 2nd stopping point somewhere at or above our min target, and then a final blow off top that may even revisit or break listing day highs in the mid 3000s.
Failure of the larger double bottom could lead to a triple bottom instead, though I think this is still unlikely, unless the larger market moves bearish and sees a massive correction.
Zoom in on what happened last time:
Zoom in on now:
See previous related ideas in the links below for more details.
HBARBTC 1Mtest
HBAR is the native, energy-efficient cryptocurrency of the Hedera public network. Hbars are used to power decentralized applications and protect the network from malicious actors.
HBAR / BTC - Double Bottom Continued: Min Target @ 1444 SatsI believe Hedera Hashgraph is going to be the next crypto with a sustained uptrend against BTC, similar to what Chainlink did last year, and similar to what Litecoin did back in 2014-2017.
To get there, we need to break our neckline @ approx 780 sats, and our previous ATH of 864 sats. Once we break the neckline, the next target would be the top of the line chart from the day we opened trading for this pair, and then 1444 sats becomes our MINIMUM target once we've confirmed the double bottom that has been proposed since last year.
Expect potential breaks above each of these areas, and then re-tests, or - on the other hand, stops at those same areas, and multiple tests to break above them. If we get to our min target @ 1444, I expect we'll go significantly higher, potentially into the 2400s and then 3000s.
If we fail to confirm our double bottom at any point and head down, a triple bottom may come into play, although I currently think this is unlikely.
Also on the chart, a snippet of a more detailed plan for what sort of pattern we might see with the HBAR / BTC pair (bottom right corner and linked below as "Repeating Pattern Idea") leading up to breaking the neckline for our double bottom.
See related ideas below:
*** for USD and BTC pairings ***
*** comparisons vs Chainlink and Litecoin as mentioned above ***
*** some early double bottom predictions from when we were at or near bottom ***
TradingView recently made it much easier to add images to charts, which is what motivated me to publish this one. Thanks TradingView!
HBAR - if you are bearish when you see this - you're dumb.HBAR will fly, technically, fundamentally, and because I had invested. :D
$HBAR, 80% Weekly bar closed above ATH$HBAR
80% Weekly bar closed above ATH & starting the monday with a retest of crossed level..
Volume doing HHs week after week while UCTS remains bullish across the board (~60% since latest 1D UCTS Buy signal)
If manages to hold/flip this area, then aiming toward ~1k sats
#HBAR
Possible Breakout Imminent HBAR has been rangebound for 2 years. Nice action between top and bottom and has been consolidating nicely mid-range with low volatility.
Expectation is an imminent breakout of the range and a decent trip North. Target on the chart.
Note: This is guess work at best, not analysis and therefore should not be considered advice to buy.
HBAR/BTC buy opportunityHi followers, sorry for posting late, after the pair already reached 1st target.
BINANCE:HBARBTC formed recently beautiful kind of symmetrical triangle, which already broken to the upside with retest.
Great opportunity, 2nd part still in play, with trailing stop.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share!
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
MACRO view on HBAR BTC price development.This week candle target is 1200 satoshis while the worst it should be 900 satoshis. Age-old resistance at 800 satoshis will become a new support level.
HBAR / BTC - Repeating Pattern Chart End of August UpdateHBAR is likely repeating the same pattern it did before we made the move above ~460 and tapped 800s.
- Back in May we experienced a diamond reversal after two daily candles closed at our last highest highs @ 776 and 791, both wicking into 800s. That reversal brought us back to our support area (green box) around the red target line.
- Next, after failing to get back above our resistance area (red box), we formed a head and shoulders that should've taken us down to test the top of the green triangle around 368, similar to what our previous repeating pattern did when it wicked down there before heading up to where we are now. So far that head and shoulders has failed. A failed head and shoulders should've taken us back up to 716-728, our March high, but that hasn't occurred yet either.
- Now, it appears we may be forming an inverted HS, which if successful should take us back above resistance and just over 645. This would add confluence to reaching our failed HS target @ 716-728, but could also fail and just as well support the idea of getting back below 400 before heading back up again.
Regardless of what happens in the immediate future, I still expect one of three things to occur after either moving up now or moving down first:
Option 1 - after getting back above resistance (red box & 645) we move above March high (716-728) and May high (776-791) and reach ATH @ 864 or just above it, then re-test either one of those previous highs before heading up to make multiple new ATHs.
Option 2 - we begin to do what looks like Option 1 but stop hard at March high (716-728), and start to make what looks like a giant head and shoulders. That head and shoulders fails and we return to Option 1
Option 3 - Option 2's head and shoulder succeeds and we make a triple bottom on the all-time chart (91-115) dragging this out much longer before seeing our new ATH above 864.
Targets after eventually breaking ATH @ 864:
-- I'm liking a major stop somewhere roughly between ~1330-1470
-- An eventual revisit of ~3570 where we opened on first trading day
-- If we get above 3570, price discovery and it's anyone's guess
Previous related ideas linked below under Links to Related Ideas
Big Opportunity HBAR/BTCBig Opportunity HBAR/BTC
Target in Chart
1Day Chart Brackout and wating for Retest
& RSI Uptrend Support
Is HBAR/BTC getting ready for a great move up?With positive fundamental news coming to HBAR in the past few weeks and days (LSE as GC member, NFT support on Mainnet, and rumours about a Fortune 10 company...), HBAR could be setting up for a breakout against Bitcoin.
My thoughts is that if we take out the resistance level at .575, we could potentially test All-time-highs in the pair again. I will be watching if HBAR/BTC manages to stay above my 14 Day EMA.
There is also a smaller wedge forming, with the same level of .575 to watch on the upside. As for the downside, pay attention to the .540 level as that could send the pair lower for a while. This is why it is important that HBAR continues to participate in the current bullrun, and does not fall too behind BTC's performance.
#HBARBTC [ HEDERA HASHGRAPH ]#HBARBTC
We've detected the following indicators in the last two days:
- Super Trend
- Golden Cross
- Bollinger Breakout
- S/R Breakout + Confirmation
#HBAR #HEDERA_HASHGRAPH #Tradingview #crypto #btc
HBAR / BTC - Monthly Chart: Two ScenariosMonthly chart here. We formed a very clear double-bottom, or W pattern, on our monthly chart.
After seeing an ATH of 864 sats during the "Google" pump of February 2020, last year - we consolidated and returned to bottom (a slightly lower bottom than the one we saw prior to the pump.
Following our double bottom, we rose sharply, not quite reaching our ATH @ 864, but wicking up close to our previous highest wick, and also holding the candle body area above the top of our "Google" pump monthly candles' bodies. This has us holding strong above the middle of our W or double-bottom pattern since we broke it with our pump in March of 2021, thus far.
Now, I see two possibilities:
1.) continue to hold above the middle of our W, and eventually break our ATH; heading in some direction towards our monthly candle's opening price on the first month of trading.
2.) a break below the middle of our W, heading down towards low 300s, and then turning back up to complete a giant inverted HS and back to option 1 above.
Alternatively, market conditions could lead to a triple bottom, as I've previously suggested, but that is still not in focus as a real possibility yet. Break well below 300 and it becomes possible.
Hedera Hashgraph consolidating hard. Ready for a big moveSo HBAR has essentially been going sideways vs BTC for about 2 years now. When it launched it got a few big listings, but not that many and after that it only got listed on Huobi. So it currently has enough liquidity to have big pumps, but a few additions especially to Coinbase could send it flying higher. We've seen the effects listings have had recently to some coins and I wouldn't be surprised if HBAR is one of those. Coinbase has been listing mostly tokens but they are also slowly adding Layer 1 blockchains too.
It is currently sitting at support vs BTC and pretty much following the price movement of Bitcoin, but at some point this might change. If it dips to the second green zone it is a very good buy, but it is a good buy even here as the potential upside is quite large.
This could be really bullish for HBARLast time this happened, $HBAR pumped hard. Depending on what $BTC does from here, we could see a good upside for $HBAR.
HBAR loosing spirit?Just to jut down my thoughts for later review. With little fundamental knowledge of HBAR the technicals look highly uncertain.
A slightly descending triangle with little volume and weak momentum
Projections indicate that 200MA will be catching up to 99MA and 50MA
A negative Kumo cloud
All of this occuring within a mini alt run.
How will the repeating price pattern that has happened since march affect this?
Is there a fixed institutional interest? the pattern is pretty cyclical. every 10-18days the price and volume go up, then it slowly bleeds out down to the same level.
Is someone accumulating and not willing to let HBAR fall or rise?
HBAR / BTC - BTC.D in Rising Wedge, Alts in Falling WedgeAt the moment, it looks like Bitcoin wants to rise against alts, and it may do so in the short term, but mid to long-term a rising wedge coming out of a downtrend is a bearish continuation pattern for bitcoin dominance, while a falling wedge coming out of a downtrend is a reversal pattern.
Hence, I think there's a good chance alts like HBAR and others are going to see some pretty nice gains against bitcoin. Preface this with the fact that patterns like this aren't always successful, especially in crypto, but they are "reliable" most of the time. Keep an eye on both and let's see if it does what it is supposed to do.
Related ideas linked below
