I am sure everyone is well aware of Hive's price over the last week or month and what has been going on. I have seen posts where some have their suspicions of some underhand business going on yet I am in the opposite camp of thought.
This for me is not some random pump and has been a gradual process since the middle of June of wearing down the resistance. Since the middle of June we have seen timely spikes in price taking us from the lows of 16c to 40c. We then had some serious volume thrown at Hive in August with 10 green candles in a row taking us up to 60c. The initial volume followed by far less actually made the price constant keeping the resistance at 40c, but the damage had been done reducing the volume of sell orders higher up.
The same pattern repeated itself in the middle of August with low volume taking us back to the 60c mark dropping back to 50 c. The first week in September which was a repeat of the August volume hit again taking the price up to $1.15. Bitcoin saw it's price drop bringing down the entire market yet Hive managed to have it's resistance at just over 50c before climbing yet again on 8 successive green candles in the customary first week pump of the month being October to it's ATH of $1.57. The initial volume was not huge considering the price movement which was literally 300%.
As with most huge increases in price we had another pull back with our resistance now at 72c. Again there was a mini pump in the middle of the month which came to nothing followed by the what we should see as normal the first week of the new month pump. This was not huge and really didn't come to anything except it removed sell orders out the way up to the $1.18 mark and dropped back down again.
Since the 13th of this month we have seen the price consistently rising all the way back to just under the ATH achieving $1.54 and has since been hovering around the $1.40 mark ever since. What is exciting me is we are literally just over a week away from customary new month first week pump and to be honest the sell orders we are seeing is virtually non existent and what lies ahead is new ATH territory and we all know anything is possible then. The price just needs to hold above the $1.00 to $1.20 mark to have a perfect platform for the next push up.
This is not all happening overnight and seems to be a continuous wearing down of volume in sell orders. There is virtually nothing left up ahead and things are primed for one massive move. Whoever is behind this is a genius as this is a serious move by someone or a group of people. The timings are too consistent to be a coincidence and why I am certain an ATH will happen next week and who knows where this will take the price.
This is not financial advice in any ways or form but this is like reading a book with what is going on with Hive. The sell orders that are left from here to $1.57 are virtually all gone and this is not going to take much to get Hive rocking and rolling.
Posted Using LeoFinance Beta
The price pump up is really amazing and am also looking for forward for it to hit $2 before the end of the year.
$2 would be disappointing to be honest as I expect that next week.
Posted Using LeoFinance Beta
All the money in Steem is about to leave and join Hive. I see 10 dollars around Christmas.
I think you could be right and we are going to witness something really special here. I am really happy for everyone who believed in this project.
Posted Using LeoFinance Beta
Agree with the analysis, the pumps have been constant since summer and seems that the person or group behind this is very organized. I don't believe in the conspiracy theories that think that koreans are doing this from Steem to screw Hive somehow and in fact Hive has benefited much from this market moves.
Whoever is behind has to be profiting from this, so there is no reason to screw Hive while they're taking benefits.
100% my thinking as there is no point as Hive is benefiting to think something underhand is going on. This is seriously organised and the intention is to raise the value considerably. Hive could pump before Bitcoin explodes making the timings even more crucial and could sky rocket if they get this right.
What would you do if it hits $5 by January...
I think as it is looking right now even $5 may be selling it short. I have no idea but think I have to sell some in order to buy back lower at some point. Have not really thought about this as all my other crypto is not sacred and have no issues selling it. Really going to be tough and still not comfortable even though it is all good news being in that position.
Spread love.
!PIZZA
PIZZA Holders sent $PIZZA tips in this post's comments:
@steem82868(13/20) tipped @cryptoandcoffee (x1)
Join us in Discord!
I still believe HIVE can easily get back to $1, but the overall up trend is clear What's curious though is that lately we don't have volume coming from the Koreans on this these pumps, but the volume is thin indeed.
Posted Using LeoFinance Beta
Nice call here