[HIVE/BTC] - We're exiting accumulation phase?

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Phew! Some weeks have passed since my last TA on the HIVE/BTC pair!

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As I said in my last TA, a MACD crossover we're going to happen (and it happened!), but somebody noticed?

Yep, traders at hive love to bore the masses.
The price crawled down to as low as 0,23$ cents after a very long correction after reaching almost the ~1$ mark. Damn, it's a ~75% correction.

If we're not ready for some bullish action I don't know what else we need!

We could be exiting an accumulation range. Do you see how the long term EMA's 'hold' the price?

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Notice also how the 55 EMA cold have turned into support, now we're testing the big one (the 200 EMA trendline).

We're going to see another fake-out? Or a 'f*ck the bears' event?

What's your take? :)
Let's sit back, relax and enjoy the (upcoming?) alt-season.

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Posted Using LeoFinance

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6 comments
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I hope it's fuck the bears, and been waiting for that alt season for so long but, I don't feel anything major will happen until the world governments give the go with this corona shit. The psychology is still affected by uncertainty and restrictions.

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Hi Adrian, nice to hear from you :)

I definitively agree that all this corona shit is a big mess, but IMO cryptocurrency is fairly uncorrelated yet to the world in that sense.

Let's see how it goes..

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IMO, everything is on BTC hands now. What is amazing is that HIVE is growing when BTC next short term move seems downwards.
This is a good signal for sure.

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