Hedera / BitcoinShort
HBAR / BTC - Alternate Idea: Double-Top + Continued Correction
I've been bullish on HBAR with my other published charts. Here's an alternative idea:
We have been in a downward channel since the Google pump ended after we hit our most recent high.
We recently re-tested 500 area after a recovery from 350-370s. This idea predicts we tap near or at 500 one more time, at the top of the channel listed above. A conservative target would be 493-495, possibly in 480s.
After reaching the target, we will correct back towards all-time lows before heading up to new heights.
Sell @ 493-495 (give or take 10 sats)
Buy back @ 114-122 (give or take 10 sats)
We have been in a downward channel since the Google pump ended after we hit our most recent high.
We recently re-tested 500 area after a recovery from 350-370s. This idea predicts we tap near or at 500 one more time, at the top of the channel listed above. A conservative target would be 493-495, possibly in 480s.
After reaching the target, we will correct back towards all-time lows before heading up to new heights.
Sell @ 493-495 (give or take 10 sats)
Buy back @ 114-122 (give or take 10 sats)
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