Give price action looking better-when crypto market top

0 27
Avatar for AreeShi786
3 years ago

**Always take in consideration non of this information is financial advice or official announcement from any specific project, I’m no financial advisor, trader or expert, this is just my personal opinion on certain project mention on this article, cryptocurrencies are extreme high risk assets and you must do you own research, never follow what I or other people say on internet**

HIVE PRICE ACTION LOOKING BETTER – WHEN CRYPTO MARKET TOP

At this point in time I have to say that HIVE cant be compare to any other social network platform, currently has every single feature you can ask from traditional social networks and crypto social networks that you can find, all this are within the HIVE network on their different communities

– Blogging / Hive

– Microblogging / D.Buzz

– Video / 3Speak

– DEFI / Leofinance

– Gaming / Splinterlands

– Streaming / VIMM

Within HIVE there are nice communities for almost anything you can think off, there are also other games and DApps (Decentralize Applications), I sure there are way more but this are the ones that come to my mind, also can check https://hivedapps.com

If you are interested to participate on HIVE is very simple here a link to a tutorial I create , takes less than 10 minutes and its free https://cryptoxicate.xyz/how-to-create-hive-account/ and if you are dedicated can profit from the price of HIVE at the same time by creating content or been involve in any of this other platforms within the ecosystem.

HIVE PRICE ACTION VERY BULLISH

I remember calling this 4 months ago when I bought a chunk of HIVE at $0.11, two things I remember from this article

– HIVE accumulation phase

– Small markets pump hard

Hive Accumulation Phase – Price Settles

I’m not market wizard at all, just someone who likes crypto and is constantly learning everyday from my mistakes and those tight situations in trading and investing, trying to avoid those

HIVE/USD 1M Chart

Right now the price action of HIVE looks so bullish across all charts from 1m to 4HR, I’m only going to look at the 1M and 1D since for me HIVE really is not a short term investment, I’m also getting ready a bag of USDT for that moment where we can buy HIVE at a discount, to be clear there is a difference between discount and getting rekt so get “why so bearish”, I like creating content that is helpful for others with a clear perspective I don’t sugar coat things on my content.

If we look at the 1M Chart above we can see how its encountering resistance at $0.80 but I don’t think it will be a problem to beat that level since it was just the wick from April last year when market open, you had all the dumpers from the HF and that sell pressure is over, right now probably some whales taking profits and that’s fine I don’t see anything wrong with that. At first when the price start to move up I didn’t like it that much and we can see that on the 1D

HIVE/USD 1D Chart

there were some +70% daily candles week after week that kept getting rejected hard at the $0.40 range for me that was an indication that there were tons of sellers on this market and a small group that was trying to move the price and even though the price kept going up i didn’t jump in on the trade because it was risky, small markets go up fast and can also go down fast, i’m not calling hive a small market like its starting but compare to others it still but its growing at a very fast pase, then last month we had this massive 98% candle that push the price to $1.00 on bittrex to then retrace only to $0.80 that is the price where it is atm, with how bullish the market is imo hive can get to $1 again before july at least and that’s my worst case scenario. i’m just enjoying the trip waiting for the right moment to jump in and probably will be next year to be honest, i’m happy with the amount of hive i have right now but would love to buy cheaper hive, probably when the bull market is over despite the price. average up is very risky on a bull market and as i mention the amount of hive is enough for me, most altcoins drop at least 75% of their value during bull market, considering hive is only at $0.80 it could go to $3 on this bull market cycle to then drop when the bear hits as any other asset does that includes bitcoin, ethereum, caradano, tron, there is no crypto currency safe when the bear hits.

when crypto market t

market tops have very similar situations, things that make you feel you are not alone on this trade, there is just too many ppl and probably time to be careful, i’m not scaling into any long term position because we could start to get into that bubble territory, lets take a look at btc price actio

btc/usd 1w han.oprtn.op Chart

After CORONA hit the move up was inevitable since price was so low compare to what we saw on the most part of 2019 but real break out started on August 2020 when for the first time we close 1W candle above that bearish trend, if we use the same 77 bars meaning 77 weeks, that puts the end of the bull market on January 2022, keep in mind end means when there is already enough confirmation to call it a bull market that doesn’t mean at that point price still at all time high, this is the reason why I think that around July to September we may start to see the top of this market, just my opinion my speculation based on last market, not all markets are the same but this is how I feel, besides we already starting to similar scenarios

– Celebrities into NFT

– Laser Eyes

– PPl way over confidence

– Media overconfidence about Bitcoin price

– Scams left and right

Potentially we still have a few good months.

If you like the content please share and subscribe on any of the social networks below or use any of my referral links from down below.

Good Luck, Thanks

0
$ 0.00
Avatar for AreeShi786
3 years ago

Comments