HBAR / BTC - Weekly needs to close above 520-30s
Need to see weekly close above the green box here, better yet the X, for us to remain bullish. We don't want to see it close below the green box or get back inside of our channel from the bull flag we previously broke out of.
Here's what I'm hoping for, regarding the bullish scenario - it looks like we were about to begin wave 5 (not just with HBAR, but with a lot of cryptos in the market, including BTC), and then corrected hard. This could be a strong attempt to get in lower before that wave 5 happens. That said, if we close much lower than where we are now, we could see more bearish or even sideways movement for months.
Let's see where today's weekly closes in approx 9 hours from now, and will update.
Here's what I'm hoping for, regarding the bullish scenario - it looks like we were about to begin wave 5 (not just with HBAR, but with a lot of cryptos in the market, including BTC), and then corrected hard. This could be a strong attempt to get in lower before that wave 5 happens. That said, if we close much lower than where we are now, we could see more bearish or even sideways movement for months.
Let's see where today's weekly closes in approx 9 hours from now, and will update.