Hate to use the word Oversold, but jeez, are we a bit oversold now.

[captainquack22]

....so screw it, lemme take a sip of this coffee. Straight from rhe duck mug. Fitting, i know.

The market is in freefall mode, scaring the feathers out of all of us. Prior bear seasons have left me dull to this pain, but im hurtin as many of you are.

Im a fan of using RSI on charts, and in a daily chart, RSI is just bottomed out so we can hope to see a bounce soon i think. Hive really deserves a place in the crypto world, i believe that.

Sorry, this above chart pic, is the chart on a computer screen. Just to get an easy, super zoomed out view thats hard to get on my phone. Bottom ill do a screenshot from tradingview on my phone.

Daily convincing of at least a short term bottom, Weekly suggests as well. These are priced we havent seen since about last August, or roughly years ago depending on the asset. SPY and Nasdaq all down. Seems according to plan in a way, after years of constant bull rally, this a selling event we may have not seen since the Corona drop in march of 2020. If its over yet or not is the question.

Ill just make another coffee. Keep rockin.

Comments

[xplosive]

Seems according to plan in a way, after years of constant bull rally, this a selling event we may have not seen since the Corona drop in march of 2020. If its over yet or not is the question.

Bitcoin (BTC) went below $30 000 USD. Currently it is $29 475.99 USD. Probably the downtrend will continue for some time.

[captainquack22]

Youre the man xplosive. We will look back at this time, and will be interesting to see how things will play out over next few years.

!LUV
!PIZZA

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[relf87]

Yeah we are here for one another on Hive! :)
Am feeling okay, like you said, going through previous bear markets does help to build some resilience and calmness.
!PIZZA

[captainquack22]

Its another day just like King Welrock !LOL

Im with ya Relf.

[relf87]

Hehehe yeah trouble is brewing in the lands over in Doria too!

[lolzbot]

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How much memory does a comedian's computer have?
Lots of gigglebytes!
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[stevenson7]

the market has not been fun. feels like the bear is dragging me across the floor 🥲

[captainquack22]

For real, its been a mauling across the board. Could be good opportunity or the start of bear moves, hard to say

[stevenson7]

Exactly, it just might be a big opportunity but damn it's making me bleed 😅😅😅

[meesterboom]

My money is on hitting 27 cents!

[xplosive]

Probably it will. Hive is currently $0.4122 USD. In the previous 24 hours its lowest value was $0.3622 USD. Its highest value was $0.4748 USD. I expect that the downtrend will continue for some time. Hive maybe will go below $0.25 USD. Or even below $0.20 USD.

[meesterboom]

It would be time for a killing if that were the case!

[captainquack22]

Interesting times fellas, .30s to me seem like a bottom. .13 might be a shattering. I think things here have held up so far, unless if daddy bitcoin visits 10k again, fhen were screwed here too.

[meesterboom]

If Daddy bitcoin goes that low again then I am quitting this crypto game!!

[brianhuang]

Keep posting, everyone is watching and waiting, maybe Hive and SPS will come back in the near future.
!PGM
!LUV
!LOLZ
!PIZZA
!MEME
!CTP

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[captainquack22]

Hmmm, i guess we must keep up the battle.

To the future.

!LOL
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!LUV
!CTP
!MEME
!HBIT
!PIZZA

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Hello @captainquack22

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[captainquack22]

Thanks for the welcome and the Vote!

[cinnccf]

My pleasure, see you around:)

[screamheart]

Let's witness the history. Be safe

!hivebits
!LOLZ
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[captainquack22]

That was a Screamin dip, face ripper bear jab Scream.

!LOL
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[leslieq78]

After all you have your cup of duck, very difficult situation for all of us, I send you a big hug.

[captainquack22]

Gracias Leslie. Glad to meet you. Things will get better, could be good to have low prices for a while. Hmmm, 3 hugs back to you!

[jfang003]

The supply chain issues haven't been solved and things just keep getting worst. So I am not really surprised to see the market go down but the drop has been quite fast. It doesn't help that UST and LUNA had their peg broken.

Posted Using LeoFinance ^Beta

[xplosive]

It doesn't help that UST and LUNA had their peg broken.

It is crazy how Luna fell from around $82.94 USD to less than one cent ($0.01 USD) in one week. It was $82.94 USD seven days ago (on 2022.05.06). Currently it is $0.005611 USD.

[captainquack22]

Thats definitely a wild drop in Luna. Went up quick, but an epic drop down. Not good for the whole ecosystem maybe, but we will keep rockin hopefully.

[littlebee4]

Enjoy the coffee, all will be good soon 😊

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[captainquack22]

Yo, thanks Bee. Glad to meet ya. Lot of hopeful Hivers, thats for sure.

[littlebee4]

You are welcome 😎
And we should be, with so much to look forward too.
Happy to meet you too 👋🏻💃🏻

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[adhammer]

I plan on buying more Hive tomorrow, yolo LOL. But yes I absolutely also believe in Hive too 😊 Nice post sir.

[xplosive]

You are not alone with that. I am buying (or at least powering up) Hive every day since the beginning of this month.

[adhammer]

Nice!! Love to see it! Feels good knowing that fellow members have similar plans as myself :)

[captainquack22]

Im with you guys on the plan. More dips are possible Joe, at least its been a nice bounce from the lows so far. Will see how the weekend plays out into market open next monday.

[joetunex]

I will be buying some on Saturday thereabout, fiat to crypto onramp here takes 2 damn days using luno, I hope the price of Hive dips dipper.
Hopefully no one shoots me for saying that, it is simply for the purpose of picking Hive on sale

Posted Using LeoFinance ^Beta

[adhammer]

I plan on buying some in tomorrow :) Good luck with your purchase! Nobody is gonna shoot you I get what you mean!

[joetunex]

Lol sweet, go for it and good luck staking up during sale!

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[adhammer]

Thanks!!

[joetunex]

You are most welcome!

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[joetunex]

Am feeling the pain as well here brother, this isn't going to last forever so I will take the pain and build stronger on.

Enjoy that coffee while looking at the miserable charts bro!

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[captainquack22]

A wild month of May so far, but its the wild west, so we are just cowboys Joe. !LOL !PIZZA !HBIT

Have a good weekend. Im in catch up mode, but have work tonight too.

[joetunex]

All good bro, we hang tight and grind!

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[steem82868]

Keep rockin.
Have a great day.
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[pizzabot]

PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
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