2nd Quarter Update: HIVE/BTC/USDT - "$5 USD for HIVE is it possible?"

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Pump & Dump?

Nope, its not your pump and dump scheme. If you can see the chart given below, HIVE usually tops up to 100%-150% from the bottom and retraces down below to 30%-45%.

HIVE/BTC 1HR - Binance

1.5USD next?

Yes, w/ respect from BTC consolidating for a while, it would be a good sign for HIVE to reach $1.5 - $3.0 USD this April or in the coming few weeks. If you see the chart above the white resistance line w/ 2-3 data points this will be a strong support ranging 1200-1300 satoshis.

If it gets rejected at 1200-1300 satoshis, looking on those levels still indicated that HIVE is still bullish, and we dont have to worry.

See FIB lines and Violet Lines for important key levels in the next rally.

HIVE/USDT 4HR - Binance

HIVE/BTC 1D - Binance

From the Daily POV

Since March 2020, Hive bottomed at 1k Satoshis and rallied up to 1000% that is x10 from 1k satoshi, realistically we would assume that HIVE could slowly reach the 3k satoshi level and that would also be 1000% from the bottom.

HIVE/BTC 1D - Bittrex

Why should we respect BTC Pairs?

Its obviously because we are still on the bull-run, and BTC is projected to reach top at above 200kUSD. Media is selling the news, and most of the people will probably buy the news and start to invest in BTC. Lets also take account that HIVE is gaining volume on KRW and the history charts from BITTREX - HIVE/BTC when we bottomed at 1k satoshis.

We had a huge dump on HIVE after it got listed from BINANCE, there were probably traders who has been shorting in margin trades on HIVE. If you also look on the 25 and 50 MA it went below the line for 25, but it never went below the line for 50.

5USD For HIVE!?

This is a possibility, although we would require for HIVE to reach atleast 8k satoshis (w/ the current BTC price) and break the important Violet key levels that I have labeled on the charts. We should always respect the BTC pair if it consolidates, and HIVE is trending upwards again, this is bullish for HIVE, and if BTC is rallying up and HIVE maintaining the price in terms of BTC pair, then its not a BULLRUN for HIVE.

Chances are higher for HIVE to 3USD, with the obvious volume from KRW pairs. My personal advise - dont sell your HIVE on these levels, you could always buy from the support level and if it hits lower, buy back again and sell it slowly (of course on your own terms, and that would depend on your strategy).

By reaching 5USD per hive, we would have a market cap of almost $2 Billion USD, and that is still below the TOP50 of coingecko list.

Special Thanks

In this blog, Id like to thank @NathanMars for his daily twitter hustle and for @TheyCallMeDan for the small amount of delegation. Rest assured, the delegation and the $10 donation will be reinvested for the future of HIVE. It maybe small, but what if I told you these small amount could be much more than that in the future.

Index Blog

Starting a Small group to help beginners in Trading
1.x.x - Introduction x Start Trading w/ Binance preferably
1.x.x - Rules of Trading
1.x.x - Calculating and Managing your Trades
HIVE
2.2.14 - Is Hive really Bullish? - HIVE/BTC and HIVE/USDT
2.3.30 - 2nd Quarter Update: HIVE/BTC/USDT - "$5 USD for HIVE is it possible?"
BTC
3.2.18 - BTC Hits 51k, whats next 55k or 60k? Lets see the Charts
3.3.31 - Will BTC rally up to 70k-75k?

Sources/Links/References

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