Is it just me or was this recent Hive pump to $0.65 identical to the one that happened exactly 4 months ago? The tweet below was made in June, the rest of the market was very bearish with Bitcoin dumping below $19k. But then Hive stood out and infact pumped.
Seems identical to me, both were short timed, both pumped from a low of $0.4, although the one from June took off from $0.40, whereas this recent one took off from $0.48 thereabout, I’m not exactly sure about the time of the day, and both pumps peaked at $0.65. And highest volume came from the same exchange. Coincidence?
Hive has been showing signs of decoupling from Bitcoins price action for a while now, this is something very interesting to achieve especially during these times when the market is unpredictably bearish. Once again I ask, coincidence? But then again who cares? The important question is did you catch the pump?
Well I did, sort of, kinda, I mean I saw it happening traded few liquids, played extremely safe in order to not catch a falling knife, long and short I made it out alive, by this I mean I didn’t win too much or lose, trade size really matters during such short margined pumps, imagine trading with 10k Hive, such thoughts remind me that I still have a long way to go.
Anyway, cheers to Hive and the great decoupling as we may have it, the upcoming HF might just seal it, who knows!
In other news, I’m back at playing Splinterlands after a long hiatus, I’ve gotten myself to gold level 1 with 5 more days of battle. I presently have over 50 chests accumulated and I’ll most likely get more before end of season, i need to remind myself that those chests are like lottery tickets and who knows when I’ll get lucky. 💁♂️
May favor be on your side.
Thanks for reading.