Hive Golden Cross seems likely next week

aggroed (80)in #hive • 5 years ago

I've been sharing that I'm bullish on Hive for the last few weeks. The price is rising, but it's not in a fully bullish position according to consensio developed by Tyler Jenks.

To be in a fully bullish position the short term moving average has to be above the middle term and long term.

The middle term moving average has to be above the long term moving average.

All three moving averages have to be moving up.

While we're not in a fully bullish posture it would appear that next week Hive is one step closer. When the middle term moving average crosses the long term moving average that's called a "golden cross." Of course it's not a perfect indicator, but generally it's a sign that the market is rallying behind something. Given the overall increase for top crypto currencies it wouldn't shock me to see Hive catch a nice run.

For those that hate TA think of this as really just big picture "trend is your friend" stuff. It's not reading every little candle. It's just asking the big picture of "are we in a bear market or bull market?" Sometime next week the moving averages will be in the right position for a full bull market, and with a little bit more time the long term moving average should start turning up.

March seems likely to be a fantastic month for Hive.

Disclaimer

Why do you even read disclaimers? This one isn't particularly good either. It's bland in the sense that I'm repeating I'm not your financial advisor, nor do I know your family circumstances, and that this is just for informational purposes. Don't go full ape yolo just cause I wrote one post referencing somone else's system.

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