HIVEBTC trade ideas
HIVEBTC: Swing Trade HIVE seems to form 3 corrective waves ABC.
Size of Wave C can be the same as wave A. This suggest the buy levels to be around 2550-2650 points
The target can be @100% profit i.e., around 5050 - 5300 levels
Alternatively, it could be a 5 waves pattern with Wave 3 forming at 650 levels. So when buying at 2550 levels, keep a stop loss at 2350
HiveBtc strong Buy opportunityHello guys,
Can we say its a mini alt coin season as majority of alts are mooning really hard, well I spotted this coin, its trading inside falling wedge bottom and I expect big guys to step in. Do pick your bags now before it move up.
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What do technicals say about Hive x Steemit rivalryAfter Sun's acquisition of Steemit Inc., its users rebelled and created their own fork called Hive. Right now, Steemit now censors all mentions of the new fork and tries to fight back. Will it win?
From technicals perspective, I would say that we are somewhere in even grounds. However, Steem is taking the beating as it reached its long-term low. I believe it is caused by users continuing to sell their Steem power for Hive or other assets.
Price is highly affected by speculations it has only been 46 days with Hive. Is it possible that we are nearing some kind of turning point? I believe we do. If Hive exceeds its former high or gets on the track to do so, it will be at least a short term victory.
Neither of them is my go for coin unless Hive hits the bottom of the even ground when I might sell the rest of Steem currencies for Hive ones. Remember that the price of any social network comes mostly from its community!
This is an interesting chart to watch but it's not necessarily a chart related to an investment opportunity now that we are nearing halving.
HIVE / BTC 4 HOUR COMPARE TO CTSI IEOWell,
Hive is the blue line & CTSI is the orange line. Binance IEO'S everyone is excited when CZ is launching a new IEO! But overall ZC is the winner! You can see when IEO'S HIVE & CTSI launched the are dropped in an down ward channel. Very smart. This means, be always careful when you are put in some money in IEO'S! You can better wait an buy some later to trade when the price is leaving this channel!
Be smart and be carefull!
Have a nice day!