HIVE POWER UP DAY 1.oct 2024

Hello everyone and congratulations with a happy power up day!😃

This month landed at 2.9% increase compared to last month at 4.03%, an ok month and total Hive power at 13085 HP. Aiming for 2000 more before eoy so we reach the target of 15k for the year. Lets keep grinding! Hopefully back over 3% for the month at the next powerup.😃

2024 goal: It would have been nice to see 15k hivepower by the end of the year and 1k HBD.

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Including my TA thoughts as usual, as I want to track my ideas. In previous post I where talking about

we need to regain $0.25 which was the breakdown level to be bullish. As mentioned in previous post I see this dump as a pre-bullrun trap for Hive like last cycle (blue circle in weekly chart below). If that happens, it's a gift for those who have been patient to buy. The positive is that we are forming a bullish divergence on the weekly chart, so we might not get it, the last time was at the bottom before the bullrun. A few more weeks or months and we'll be done. Let's see. 🙏

Not much to say, it just takes time, we can see that our weekly bullish divergence gave a nice bounce and we retested our $0.25 breakdown. It must be recovered for a probability that the low is inn. I have noticed accounts powerdown and sell.. imo you don't sell when we are oversold, you buy and sell when we are overbought. What do you say @ph1102

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This is looking a bit bleak at the moment. The fractal im tracking so I remember it.🚀

A big rally to $1.2 - $1.7 ish the next months, and a big rejection likely to correct to $0.6-0.7 to flip it over to support after it breaks. Just like the previous cycle, this would make for a very juicy swing trade. Sell in yellow circle, buyback in green for the last stage which should hopefully lead to a new ATH. All 3 phases lasted about 3 months each

See my TA on BTC here:
BTC update - 3 months later a bullflag has formed, are we now going to do as Gold did?

Happy PUD and PUM, see you next month. Have a great week. Bye! 😃

Read about:
Hive Power Up Day - October 1st 2024 and more info about PUD at @hivebuzz

My previous powerup post:
HIVE POWER UP DAY 1.sept 2024

Would love to see you in our weekly street art contest:
CCC's Street Art Contest #216 | 🎁 : 100% Liquid Payout and Ecency points as Prize Pool & Winners of #215