Hedera
Long

HBAR Update - Short term bearish, but its getting ready to MOON!

1 473
Everything is on the chart! Charts don't like, we are days or weeks away from skyrocketing from where we are at now!! MY PAST HBAR CHARTS ARE STILL VALID!

FACTS:

1. HBAR is creating a bullish pennant pattern.
Bullish Pennant: Are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis .

2. Awaiting bullish cross on the weekly Stochastic RSI

3. We haven't been below 52 RSI since December 2020 (highly oversold!)

4. Coinbase is exploring adding HBAR (Link Below):
blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-37c9737546b0

5. HBAR spoke at the Consensus 2021 and now IBM Blockchain joins Hedera Hashgraph to imcrease interoperability for enterprise blockchain networks

6. Last breakout of the bullish pennant , the measurement of the breakout is EERILY ACCURATE!!

SHORT TERM BEARISH UNTIL WE HAVE A CONFIRMATION CROSS ON THE STOCHASTIC RSI ON THE WEEKLY!!


IN HISTORY, THE BEST TIME TO BUY IS WHEN THERE ARE FEAR IN THE MARKET. WE ARE CURRENTLY IN "EXTREME FEAR" IN THE FEAR AND GREED INDEX: alternative.me/crypto/fear-and-greed-index/

Check out my other HBAR chart, which is VERY ACCURATE and already hit the fib targets!
HBAR Update: HUGE move in coming weeks!! (short term bearish)



Bitcoin dominance will die down and Altcoins will take over!! Whales/bots/institutions will be moving their Bitcoin ( BTC ) into the Altcoins, meaning Altcoin Season is just getting started. This is the older chart, and this chart is VERY ACCURATE!
ALTCOIN SEASON!! Whales will start moving BTC into the Altcoins!



Money flows like this:
FIAT > BITCOIN > LARGE MARKET CAP COINS > MIDDLE MARKET CAP COINS > SMALL MARKET CAP COINS > back to FIAT, and the cycle starts again.


I have moved majority of my BTC and diverse them into different altcoin positions. (ETH, HBAR, GRT , XLM , XRP, NEO, SNX , BNT, BCH, ADA, LTC, BTMX, LINK, BTT, ENJ, AAVE, FORTH, and NKN are the some of the altcoins I am moving BTC too).


Get ready to have an explosive Altcoin season just like what happen in the 2017 bull market. Once my sell indicators hit, I will be selling my positions to buy real estate, a lambo ;) , and moving the rest to Ethereum to Stake it!


Good Luck!


"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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.