Crypto Analysis | Micro Analysis for Hive
Good day Hiveians!
Join me in analyzing the crypto markets!
I just thought to throw this out there just to see if it gets confirmed
Five days ago we talked about the two scenarios for Hive. You can have a look at the chart here again:
The blue middle trend line is the key support: if it fails we go down to ~$0.9, if it holds we should go to $4-5 pretty soon. The last days were pretty nerve wrecking (it's best to not get too involved in the markets), as this trend line was extremely "stressed". But so far it has held!
I have spotted a fractal after the fractal shift which I think could hold good predictive power for the short term. So if you are a trader, this might be something to watch out for. Personally I am just going to hold to $5-10+.
This is the fractal which I thinkis playing out currently:
Can you spot the similarities? If it is indeed the same fractal it will repeat in a very similar shape. A movement like this would play very well in terms of the the blue trend line which should act as further support. Price should stay above it and retest it at about $1.6-1.9. Also spot the large spike in the first fractal in the middle of the movement. This could happen again, especially since it has been 6 weeks since any significant volume in Hive. Generally, this happens more frequently, so I would expect some sort of significant price spike of perhaps 30-50% (which, however, could be followed by a large correction). On average the price could follow the green/black path I highlighted.
Now might be a great buying opportunity - but don't spend anything you can't afford!
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
Check out the Love The Clouds Community if you share the love for clouds!
I haven't done much crypto trading. How predictive have your found your models to be?
you can check out my previous posts on this blog. Hive has been the most successful so far
Thanks. I am diving deep and following you.
We hope we could stand first above 1$ then we wish moving to next level and back above two dollars
we are on track to that currently
I must say your analysis seems pretty consistent, let's hope it is fucking correct! I will keep following you. Great post
thanks!
I have been following your analysis for sometime now you have never disappoint
Posted Using LeoFinance Beta
Using your past and current analysis, I am optimistic as I believe Hive is going to remain within a stable position and hopefully move up a dollar in a short time.
In the words of the amazing finance analyst, give this a shot but don't risk too much. Well said and Great analysis as always! @tobetada
This has been useful for me @tobetada. I'm relatively new in all they crypto stuff reading your post every now and then really helps. Thanks!
great to hear :)
Congratulations @tobetada! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 11500 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
Greetings friend, it's good that you enter this post, the graph caught my attention and without a doubt I entered to verify; I sincerely like the evaluation you make a lot, taking into account the previous and similar event of the Hive coin, thanks for the advice you give, I hope to continue coming here to evaluate and learn a little more about the psychology of the coin.