Judging by this pattern, Hive will be going up in price for like a month straight as far as the averages are concerned. However, intensity is not implied. Whether we peak at 70 cents or $2 is anyone's guess.
The timing of this golden cross is fortunate, as late August into early September are looking like an extremely bullish period. Hive may catch a piece of that liquidity should it run up with the rest of the market.
Goddess moon sells the peak Sept 6th
Sept 6th will mark another new moon, and seeing as September has never been a good month for Bitcoin (always trades down or flat at best) I have to assume that mid September is not going to be a fun time.
However, looking at the super-cycle zoomed out may tell a different story. If we are indeed in the middle of a mega-bubble, wouldn't it make sense that these two months of consolidation at $30k-$40k were all that was needed to push higher till the end of the year? If the first run was any indication (6 months of green candles) we could easily pull off another six months of green in a row in theory, as long as we had the momentum.
Do we have that kind of momentum?
Sometimes I wonder how we couldn't have that kind of momentum. When we look at corporations and even governments all over the world looking at Bitcoin, how would it even be possible to not have a historic supply shock at this point? That's how I'm looking at it, and I still target $250k come [late-Q4 / early-Q1].
CUB IDO
We are all still in a holding pattern from all the delays. I hear that the polygon launch has been pushed back due to the massive hack that occurred there mere days ago. Luckily the hacker seems to be whitehat and is giving it all back. Some of these crypto devs are operating on a whole different level.
I'm glad to have this time to farm more CUB, as I feel like it's not going to be so easy to come by in the future. Many people underestimated CUB, as it was easy to do so as token price crumbled from a $13 peak to 50 cents. Only those who remained in the LPs saved themselves from ruin on the way down.
However, as we make moves back up (something that not a lot of DEFI tokens have accomplished yet) I'm sure there will be some true spectacles to behold. LEO is one of the most hardcore HODLing communities I have ever seen by magnitudes.
The den (slash CUB Kingdom) has over 60% dominance. 60% of all coins in circulation are going long at the moment, and I think we can get a lot higher than that once the FOMO kicks in. I'm expecting it to get all the way into the 70's by the time these first 3 IDOs complete. CUB strong.
The key will be knowing when to reenter the LPs at the higher token price. Dollar cost averaging and entering a little bit at a time is key to maintaining low volatility while achieving a guaranteed return.
Conclusion
Just got back from vacation so trying to get back into the grove of posting again. Hopefully I can steer clear of these speculations shitposts going forward, but again it's difficult to stop speculating when the market flips so bullish from where it was a few weeks ago.
The important thing to note here is the Golden Cross on Hive. I think it's a pretty significant signal considering the timing of the market and where we find ourselves after 2 months of "brutal" consolidation.
At this point I value Hive around $1 and will not sell any below that price, especially after such a bullish golden cross has flashed. I expect the next 3 weeks to be extremely volatile and profitable. The last time we had a golden cross Hive spiked x7. Don't be surprised if we hit $2-$3.
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Hive is untouchable it has more to accomplished, I think the journey is just begun
Are you seriously expecting $70 for CUB? That's a 100x. And I guess the IDOs will take place in a month at most.
So 100x in a month?
yeah 70% den dominance
I think an x10 is about the best we could hope for.
I think he meant 70% dominance
I see a couple of different scenarios playing out. Either we Moon hard, or we Exit pump or we moon but then regulations kill everything in about 2 or 3 months time. Most likely everything can and will happen, prepare for the worst, hope for the best.
I think your timelines are a bit off.
Regulators can't act that quickly.
This market can only be killed by crippling fear during extremely inflated mega-bubble prices. Soonest I see that happening is Q1 2022.
Keep Heaping the work for them folks.
I also expect buy pressure when the speak network announces their 90 day airdrop date, which I believe is still scheduled for this year, so their announcement should be happening in the next 6 weeks for that timeline to happen.
Yeah that airdrop is going to create quite a supply shock.
It happened once before when Hive was created. If my memory is correct, there was massive buying of Steem to take advantage of the 1:1 airdrop and then there was a massive sell off afterward. That is one reason why I would like the Speak airdrop to be based on Hive Power to avoid an instant sell off after the airdrop.
If the fundamentals (TA) match up with the pumpamentals (CUB, Splinterlands, 3Speak, etc.) I see no reason Hive can't reach that $2-$3 range. What I'd really like to see though is for it to get there and hold those levels. I mean, seriously, with everything happening on this blockchain, there is no reason it shouldn't be able to sustain that price. Unfortunately, I'm sure there will be a lot of selling at those prices, but hopefully the development will draw in enough new people to eat through it and put it all in diamond hands. Time will tell. Either way, I agree with you: it's going to be a very interesting rest of the year.
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Most people consider fundamentals to be the opposite of technical analysis, while both are forces that shape price action. Fundamentals refers to what's going on in the real world, press reports, new developments, etc. TA refers to patterns seen on the price chart.
Yes, but that doesn't work with the catchy fundamentals/pumpamentals phrase....
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2-3$ is sitting exactly at the fib retracement level of the last run ups, so I think it's a really good target!
Just curious, where is the best place to sell Hive these days?
Binance is good, for now at least. I think you can sell on uni swap though.
probably bittrex if you're looking to get USD in a bank account
Stealthex.io did an ama a while back.
I've used them for a while getting theta.
Steem just spiked a few hours ago, building a bull flag. If we get continuation Hive might finally move beyond 50 cents, kinda frustrating it hasn't even reached its latest peak of 55 cents yet despite all the btc upside.
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CUB scout here. Been stacking during these bear market times. HIVE has so much crazy potential, the CUB IDO will be insane when people start burning the hell out of CUB to make their new projects. I'm cool with pushing polygon back a bit due to that hack. (sidenote: these hackers really are operating on a different level, just giving it back? Compare that level of morality to say, the fed. Totally next level)
My only question is which do I yeet more into at this point, although if everything bulls (which i feel is coming and soon) I guess I'll have to take your advice to heart and do some more balancing. Great time as any to figure it out.
Well the golden cross will definitely be something nice to see. I am also hoping to see a $2 or $3 HIVE.
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thank you for sharing your TA, absolutely a worthy of my time to read and check
give me dat moon!
I would think that the pushback of Polygon (https://polygon.technology/) IDO is not related to the hack of Poly Network (https://www.poly.network/). Having said that, I agree with you that the pushback gives us some extra time to farm more CUB for the Polygon IDO. :-D
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Welcome back from vacation.
I hope you are enjoying the Bitcoin and Altcoin giddiness in the air, and this general feeling that the crypto markets are about to rush forward to higher highs.
So much news, such little time.
Bitcoin just ran up from 30k to 47k in a week?
Ether just ran up from 2100=2200 to 3200 in a week?
It's an amazing time to be alive.
Hive did a steady rise from 13 cents to 40 plus and Splinterlands just cracked 300k users.
On top of that Hive-Engine just announced a defi project yield farm and a Hive-Polygon trading pair.
You probably caught up on all the Cub IDO news.
As @taskmaster4450 says, theres a lot of nice things going on right now.
It's a great time to be n crypto!
@shortsegments
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Read how this all have started with Toruk
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Me and a childhood friend used to do the golden cross sometimes on sleepovers.
It's not really about trying to perfectly time these things.
It's about balanced positions and dollar cost averaging.