HBARUSD trade ideas
HBAR/USD - Hidden Bullish Divergence?*Important - Once majority bashes crypto and calls it a scam calling for lower targets (like how many did in 2018 and missed out), that is when I will be all in!
Whales/elites will not miss any opportunities into making money. They simply buy the fear, hype up the market, take profit and crash it again after taking profit. Instead of beating then, lets ride with them! ;)
Majority got Rekt last year due to listening to the "Bullish" Narratives the media and Social Media Influencers were portraying last year! Stop listening to them and start paying attention to the technicals.
Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short-term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News is manipulated by the elites, and they take advantage of our emotions. Stop listening to the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market and are buying opportunities! Huge gains opportunity in the coming years! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
"If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
HBARUSD: Is ahead of a big long term bullish breakout.HBARUSD is above its 1D MA50 but still inside the February Channel Down, restrained under the 1D MA200 but with the 1D technicals bullish (RSI = 62.752, MACD = 0.001, ADX = 27.218). The 1D MA200 has been unbroken since May 2nd so it is our technical trigger. A cross over it, will be a buy entry, targeting the 0.618 Fibonacci level (TP = 0.0700). An early bullish indication comes from the 1D MACD, which is turning upwards in contrast with the sequence on the last bullish leg that turned downwards on April 17th.
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Possible Dips before a Move UpThis is a 4h view of the daily chart, which has already broken out of a falling wedge. That breakout has created a smaller falling wedge as it has re-tested the top of the daily wedge multiple times since breaking above it.
Following its initial breakout, it formed and inverted head and shoulders, and looked ready for a bullish move up. That pattern failed and we've since moved down to the failed HSi's TP1.
From here, if there are any further dips and we don't just break out of the smaller wedge, I expect we'll do something like what is shown above:
Option 1 - A symmetrical right shoulder that drops down to around 4.5 cents and then moves up
Option 2 - Continuation of the inverted HS and a move down to its TP 2, for a final re-test at the top of the daily wedge, and then a move up
Here's a zoom out to the daily chart and the larger wedge break:
See related idea in the link below.
Previous Pattern Targets vs. Possible Path Back to Top or BottomHBAR made two major wedge patterns that hit pattern targets with incredible accuracy.
First - a bullish wedge exit that led to a 3x measured move up and a final wick up that ultimately stopped approx. halfway between 3.5x and 4x.
Second - a bearish wedge exit that has so far reached a 2x measured move down from where it exited.
Let's see if it makes a 3rd wedge that, when exited in either direction, may revisit weekly top or hit all-time low on a 2x measured move in either scenario; potentially creating a double-top or a double-bottom at its completion.
HBAR Could Move into Weekly ResistanceHBAR could move into weekly resistance if it continues to hold the top of weekly support, if it crosses and remains above the yellow neckline shown on the chart above.
If it doesn't just move up from here, it may move back down towards its previous low at the brighter green / stronger area of weekly support. If it does that first instead, I would expect a stronger move up than shown here.
Keep an eye on DXY as it could affect things positively or negatively, long-term:
Also, pay attention to HBAR's bitcoin pairing, it is also at the top of weekly support and in between that and its weekly resistance. It had a long wick down into weekly support so it could drop more, depending on how it moves against Bitcoin and what Bitcoin does:
HBAR to dip sub .05 or do we moon?Big fan of the HBAR... Feeling there's going to be a pull back taking out March lows providing another amazing buy opportunity!! There's loads happening in the Hedera ecosystem many new projects are coming on board making most of its benefits to developers... www.degenparadise.com - Get your Degen Coins for a share of revenue from its amazing games!! zuse.market - Would love to see this beast of a project rise to the top 5 this next 2 years!!!! Vamos Hedera Hashgraph
Decision Time for HBARHBAR should be making a decision here soon. To reach targets it needs to cross the neckline above and hold above it (approx 9-10 cents). If successful, the next move should target somewhere in the middle of weekly resistance.
Alternative decisions:
- a move back down to weekly support or even back down to the stronger section of that around 3.7 - 4 cents
- drag out sideways (HBAR loves to do this)
HBAR as a Good Example of Common Patterns & Measured MovesHBAR presents a good example of how simple market pattern trading using measured moves still work quite well.
As these are moves in crypto, the measured targets exceed recommended lengths for a typical pattern trade, yet still line up quite well in continuing to use the same measurements beyond 1x -> 1.5 or 2x.
First, a parallel channel containing a double-bottom, saw a nearly 4x measured move up on the weekly. Its highest wick, breaking 4x.
Then a rising wedge that could also be called a double-top, worked out for a nearly 2.5x measured move down back into weekly support; stopping inches above the stronger area of support near the bottom.
Also, if you look at HBAR's most recent weekly highs, they stopped right around the 1x measured target of the upward move, and is now pushing on the 1.5x measured target of the downward move.
Both measurements are still providing direction on where price might make pit-stops.