Hey all, It's our fav coin!
I'm going to watch this only, not trading this, and I'll be holding on to my small bag here as of now, and I may add some small amount of Hive as well later on, once I have some free cash lying around.
I'll be sharing charts of what #Hive can possibly do, what are the critical points to watch out for:
Overall bias on $Hive: Bullish/Neutral
Hive/BTC 1h
Chart:
Link to the image: https://www.tradingview.com/x/cA9ylh8a/
(I'll be sharing link to the images as well, from now on, since some of the images were not clear after zooming)
Overall Bias: Bullish
Critical zones have been marked on chart!
Points to note:
- Confirmed double bottom
- Broke above the Moving averages
- RSI broke out as well
- Broke above the ranging channel on 1H. (chart below):
Link: https://www.tradingview.com/x/VTYsM8JM/
Hive/Btc 4H
Chart:
Link: https://www.tradingview.com/x/XkxgbeDw/
Overall Bias: Bullish
Critical zones have been marked on chart!
Points to note:
- Breaking above the MAs,
- Supertrend just gave a bullish signal (though I'd recommend watching this for sometime, to avoid false positives)
My take: We can target 3100-ish range to see the reaction around that zone. (Above that, it will signal a trend change.)
I will cover a detailed long term analysis soon, comparing with the old steem price action later on
Stay tuned! :D
Gif credits: @doze
Follow me on Twitter: https://www.twitter.com/behivetrader
Stay tune for more updates :D
Posted Using LeoFinance
We would love a historical revision as well! We were able to accumulate a lot of STEEM between 1477 and 1777 sats, and are wary of a false bottom on HIVE if and until we hit that zone again.
That double bottom at 2500 looks pretty compelling though!
Posted Using LeoFinance
Sure! I'll cover a historical revision as well soon :)
Alts on sale! The btc dominance is squeezing - thanks for the recent insights!
https://leofinance.io/hive-167922/@beehivetrader/bitcoin-dominance-4h-update
Here's my previous update on BTC Dominance, a week back. :)
Do check that out.
I'll be posting one more interesting insight soon :)
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