Sell Pressure Easing Off - Hive Reaches $0.43 - Breakout Achieved!
The selling has slowed down for the last 6 hours or so, we can see Hive has some good momentum when the selling stops. The question is how long?
For now, we can be confident that 40 US Cents ($0.40 per Hive) is a high volume friction point worth discussion, what have you noticed in the engine over the past day?
Have any of our favorite engine tokens responded with their own moves, or perhaps are they tethered to Hive in a fashion you feel is worth discussion.
Comment Below!
I made the call for a quad bottom yesterday, click here to read that post.
The Quadruple Bottom
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It's on the micro move up... It will be awkward if the price of Hive increases as more and more vaccine restrictions are announced worldwide and especially USA
I'm missing the connection?
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The price is moving up as New York and the current administration are announcing further restrictions in regards to the vaccines.
Probably not connected but rather signaling investors allocating money elsewhere in anticipation of more Lockdowns... Or most likely just paydays are rolling out and people are just investing into splinterlands
I see hive crosssed the forty cents mark few hours ago and that's good , talking about hive-engine tokens i honestly haven't monitored them much but i can say that game token is actually creating lot of noise and people are talking about it alot.
I'm sure people with insight will surely invest in hive in a long-term, although the market can be volatile now, its dangerous for short term, but in long-term it is best position.
the signal for market in short term now is the Bitcoin once Bitcoin increases others follow a bit and once it drops excpect a drop in other market too.
this is Bitcoin in H4 chart
this is hive in H4 chart
can you see any similarities
btc is the signal for market now, i bet it
btc now
hive right now
I chose to put buy support at $0.36 in order to be neutral in this volatile market, the return in hive will be satisfying, and then if it pulls down more I can always stoploss.
yes that is a good entry, for hive and also a safer zone.
STAY SAFU.
now you can see the market behaviour.
Bitcoin now
hive now
it's following the steps of Bitcoin its father
Lame, I hate bitcoin tethered currencies.
Good call tho, its true as with most other alts, all tied to BTC.
yes, but solana still resist Bitcoin a little, not much
Blackcoin, Tezos, Zcash are the only coins other than Hive, I know of, that do not tether to Bitcoin at all times.
It's okay for trends to follow BTC, but I would like to see a macro unique to Hive in the long term. It would encourage me to keep more money vested in Hive.
that is very sure that in long-term hive will not follow Bitcoin trend. i stated in one of my comment that Bitcoin is the signal for short term, but in long term the cases is different.
El salvador and world bank are planning to make crypto currency a legal tender.
If its successful,bitcoin will reach over $100k this year.
I don't think El Salvador's GDP is enough to make a difference unless the government actually buys BTC with Tax dollars, the price won't go up from them mining either. It would take direct capital.
@theresteemer5000 guess you dont want my support. What is the issue you have with this post?