Hey team,
First of all, thanks to the LeoFinance crew as well as the wider Hive community for the upvotes and comments on my Dad's AG Carinae - Things that go bump in the night, first blog post.
When a n00b gets a response like that, hopefully it encourages them to keep writing.
I'll be over for a visit soon and see how he's going on post #2 for next week.
Delegating HP
As for my own LeoFinance blog, I still haven't been able to upvote anyone for the last couple of days.
So I wanted to delegate my full 50,000 HP to the leo.voter account (leaving just 500 or so to keep my account stable) and fully focus my attention on accumulating and curating with my LEO stake.
Delegating HP smashes your VP however and after only delegating 40K, I'm just back to 50% this morning.
So if I need to get it back up close to 100% in order to delegate this last 10K HP, I'm still going to be out of action curating LEO for the next few days at least.
Gah!
Crypto Price Action into the Weekend
In terms of the price action across Bitcoin and HIVE, they're pretty similar as both are sitting at daily support.
Well I say similar, but there's one glaring difference...
Bitcoin's daily support is 1 zone away from its all time highs, while HIVE now at its own all time lows, haha.
Take a look at the same, but different charts below.
BTC/USD Daily:
HIVE/USD Daily:
In terms of day trading these markets using my simple forex support and resistance trading strategy, I would discount HIVE because it failed to make any sort of higher high on the first bounce and I think we're consigned to new lows that follow the daily trend.
Bitcoin on the other hand, I'm happy to remain a buyer.
It's in a daily bullish trend and above a daily support zone so zoom into an hourly and watch out for short term levels of resistance that when retested, can be used as an entry.
It's meant to get up to 40 degrees both today and tomorrow with no relief from the heat overnight in between.
I'm off to hide under the air con.
Best of probabilities to you,
Dane.
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