Hive Grows 80%+ With Room For More...HIVEBTC has grown over 80% in just the last three days...
We are seeing many altcoins starting to wake up.
We can assure you this is only the beginning, we are still at low/bottom prices all across.
Here is the long-term chart for HIVEBTC.
We show this pair because it is easy to see how things are starting to turn.
This week HIVEBTC moves and closes above EMA10, EMA21, EMA50 and EMA100.
Above EMA50 we have a bullish market.
In a bullish market, we see higher highs and higher lows.
It will take weeks to develop but eventually it will be clear;
That here is more to come.
Namaste.
HIVE
HIVEUSD Rejected on the Resistance despite the huge rise.Hive (HIVEUSD) has been trading within a Channel Down ever since its November 26 2021 market top. Despite the impressive rise of the past two days, it not only remains within the Channel but also is getting rejected on today's candle on the Resistance formed of the June 07 High.
The last time we saw a similar rejection pattern was on April 02 and that rejection started the sharp correction that led to the May 12 low. See how both patterns share the same characteristics of Support and Resistance Zones on double contacts before breaking. Even the RSI sequences are identical. As a result, until the Resistance breaks, the trend remains bearish within the Channel Down. The 1D MA200 (orange trend-line) is falling since early June, so on a 1 month horizon we may see it trading on the Resistance level and finally break, assuming the Support holds.
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Update on weak hive buy signal from yesterdayYesterday I published the weak BUY signal from the hive.
I'm surprised to see that the target was met by 81%
Signal price: 42,536 USD
Original target (ATR): 43,600 USD
Top price: 43,392 USD
200 dollars away from meeting the original target.
As I said it was a weak buy signal but it's incredible that it still almost nailed it!
The signal only used a count of 5 divergences in the past 4h candles but normally I take seriously only above 7 divergences for bull signals especially if we are in a bear market. On a bull market you can do the opposite, relax the number of bull divergences to trigger and increase the bear ones: it's the way trend biased markets work.
Hive bullish is firing a weak buyI tend to use the bull hive counting 7 divergences before firing buy. But I’m a human being and I’m curious how many are we counting now so far because we still don’t get any buy signal.
In this chart I’m relaxing the hive to only 5 divergences and you can see that it’s printing buy signals more frequently.
Obviously you can’t expect 5 signals count to be stronger than 7 but interestingly 5 was all that was needed to pop the price in the last 3 times.
So I’m treating it as what it is: a weak 4 hour buy signal.
Maybe un the next few days it might get invalidated or….it might finally count 7 divergences and trigger a strong hive buy signal.
Needless to say a daily strong buy would be a dream entry, but technicals are not there yet.
Always remember, technicals is only one aspect that can explain price action, there are many more so don’t ever use them for an all in bet or anything close!
HIVEUSDT, buy?HIVE is in rising channel. Usually rising channel continues x3 bounces. We are witnessing the third higher low. And for a desert: pay attention to the dates. Every correction longed 3 months. February was the last (hypothetically). And the next 5 months including March should be bullish. Target is $9. Good luck in trades, buddy.
Hive Short 10% ?Looking at Hive chart we can see we have a little push upward. If Bitcoin cant go trough the resistance we might see altcoin go down with it.
Hive resistance 1.006 USD
Support 0.89$
wait for long. We could go as low as 0.54 USD
Thanks for reading.
Good luck and good profits.
George
Not Financial advice. DYOR.
HIVE above long term support#HIVE/USDT
$HIVE is trading above long term ascending support and price is below descending resistance break out from this resistance will increase price to $1.2 and breaking out from $1.24 will lead price to touch resistance zone around $1.6
but break below ascending support will drop price to $0.5 and $0.32
Looking at $HIVE with All The MoneysLong Look at HIVE coin.
I think we accumulate through the spring and summer and could see a bullish run in the fall.
IF people dont keep selling hive for other projects, and if HIVE holders act as a liquidity lock, that is.
HIVE does not have a DeFi or NFTs built onchain, so there is no liquidity lock there. The liquidity lock is in the users.
So hopefully they will keep doing what they are doing on HIVE and can hold on til the fall.
STEEM - unexpected pumps.STEEM along with it's hard fork HIVE sometimes does parallel pumps and these are not-so-much influenced by BTC /NASDAQ. I've deliberately chosen Bittrex exchange. You can take advantage of really small volume on most alt coins, the sudden high wicks are closing your deals in profit. (clearly visible on hourly charts)
Market Update and a look at fee FREE blockchain ETFs/MinersIn this video:
* Should we be concerned about the price action today in the crypto space?
* A quick peek at the Stock Indexes and BTCUSD and ETHUSD
* Fee Free Blockchain ETF's and Miners which you can buy on Robinhood, Ameritrade, and others:
GBTC
MARA
RIOT
NDTAF
HUT
HIVE
IREN
BITF
GREE
ARBK
ARBKF
SDIG
BTCM
CLSK
BTBT
DMGGF
ARKK
BLOK
COIN
BSVUSD
BCHUSD
BTCUSD
DOGEUSD
LTCUSD
ETCUSD
ETHUSD
Best to you all and HAPPY NEW YEAR!
-Stew