HBAR / BTC - A Return to Bottom & Potential Double Bottom
HBAR's BTC pair has returned to bottom, just a few satoshis away from its all time low of 114-115. This is either an incredible buying opportunity, similar to ltc or eth in 2016-2017, or.. we break through our strongest resistance and head to new lows and price discovery.
The USD pair is not back to bottom and has been forming a giant W pattern. I'm expecting this to move within the next month give or take a week, RSI has been bottomed out for a long time now, and volume has been nonexistent. Even a small bump in volume can create a pretty insane move.
That said, a massive pump from BTC can utterly destroy the BTC pair here and still cause gains in USD, so be cautious.
The USD pair is not back to bottom and has been forming a giant W pattern. I'm expecting this to move within the next month give or take a week, RSI has been bottomed out for a long time now, and volume has been nonexistent. Even a small bump in volume can create a pretty insane move.
That said, a massive pump from BTC can utterly destroy the BTC pair here and still cause gains in USD, so be cautious.
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Alternatively, people exit this for the majors and we find a new bottom, be careful.