HBAR - Rising Wedge break down, but hit measured move down!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 are manipulated by the elites, and they take advantage of our emotions. Stop listening 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 months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
Facts:
1. Triangle turned out to be a Rising Wedge which is a bearish pattern. Measured target of rising wedge just played out! (Please see orange lines)
2. RSI - Last time we were this oversold on the weekly was December 2020. We 15x after!
3. Stochastic RSI - Still bearish momentum and awaiting bullish cross! Last bullish cross under 20 Level, we did a 2.5x-15x in price!
Buy Targets (took the swing low to swing high):
Target 1: 0.27 (Corresponds to the 0.5)
Target 2: 0.24 (Corresponds to the 0.618)
Target 3: 0.20 (Corresponds to the 0.786)
Sell Targets: In the chart!
"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%!"
