Logic would have it, that 7 days after a price peak, comes the sells of those who powered down as a reaction to the price peak.
Not the wisest decision to sell 7 days after the peak, but due to hives staking functions, we will see a trend like this typically.
Its been 6 days since the run up and 5 days since the recent peak.
Posted Using LeoFinance Beta
Yes your right but the thing is Hive is running through some retracement in the market in other to set off to a higher pick. I saw the movement that happened last week which was a boom and before that happened it went through several retracement and came out with a long bull. What I'm certain is the retracement in the market will only run for this week and by next week we will see another significant rice in rise.
On thing we have to know and depend on that it, the price level have build a support and resistance level which it cannot fall below and that where we are holding to make our investment on.
I doubt we will see $1 again until 2022.
didn't hive touched $1 on 4th or 5th September if i am not wrong ?
on the 4th, at 1am where I am in MST time zone
Well we will see if the approach is the correct one. It does make logical sense, but again, many things are not logical with cryptocurrency
so that means on the seventh day we are about to see a massive sell by many people.
Yeah I say 30-40 cents bottom
Nice one, thank you.