Yuge move a moment ago in the HIVE/BTC markets. I haven't traded all morning, expecting the price to maybe struggle since it's been a week since the last dump. But as they say, never follow the crowd. I noticed this morning on the HIVE Technical Analysis Gauge the 1hr was predicting 'Strong Buy' and litterally shrugged it off since all timeframes higher than 1hr presented either neutral or sell. I never suggest following or trading based on the prediction but man, this was spot on.
It appears to be a cup-and-handle trend brewing, but it can also be a bull trap knowing we have ~10 (or more) weeks of power-down fueled dumps on the way.
Still, this is a good, no, Great sign! Buyers are here, and if it's new users, members or traders then we can expect more gains... even in a Bitcoin bear trend.
Risk = Reward.
Interested in your thoughts/opinions, are you buying/trading HIVE?
Peace ✌️
Clearly, this is not financial advice.
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- DonaldPorterJM