HBAR / BTC - Approaching decision time

16 thg 7, 2020

We moved back down into the triangle, HBAR is having a difficult time deciding where to go, though the monthly chart still looks like a giant bull flag - it could still go either way.

We are almost at the end of the triangle, expect it to make a choice very soon.

23 thg 7, 2020

Ghi chú

Update July 23 - we are heading up after the end of the triangle, but it still hasn't really made a decision.

Compare this chart to the triangle on the HBAR USD or USDT pairs, where we are finally breaking the triangle on that pair, but barely, and not at the end of it.

Watch out for large movement in BTC in either direction, which could impact HBAR / BTC price negatively, USD pair will likely head up with BTC movement, but gains may not be comparable to just holding BTC.

If you are currently on the sidelines, its probably best to wait for stronger confirmation of a move up or down, but if you are already holding, i'd put buy bids on the downside and sell bids on the upside, planning for both scenarios. On the downside, you may want bids down near or slightly above its ~114 sats bottom in case we see a double-bottom before heading up again. Conversely on the upside, you may want to hold for a larger gain if you aren't comfortable selling & re-buying at pivot points, as this could see anywhere from 100-140%