Special thanks to Canva for the free cute logos for this blog.
Disclaimer
We are Entering the Bull Market
Before I upload some hourly/daily charts, let me explain to you on what I love about this news and this news that I really love to share with you guys. A few weeks ago, someone told me that HIVE is currently "the most undervalued" coin in the market (although there are also some). But the most intriguing is the accumulation zone between the months of November 2020 to January 2021. (shared photo since Jan 21, 2021)
I have already shared this projection with some minimal key levels in a small discord group. The candle stick projection was just mirrored and flipped from the bearish side of the HIVE/USDT market (BINANCE), which currently now that its possible that we will be hitting the 0.3USD price or even higher if we also have to be a BTC-pair-bias.
Hive improved from Engagements!
In general, the Hive community is a very strong community, ranging from different countries and different, with users almost every post mentioning $HIVE in their tweets and comments to the most famous Elon Musk tweets, and the trending WSB reddit-gamestop hot topic. Users from hive managed to voice out and shared the power of freedom.
It was not really very unfortunate however, I know some of those tweets were seen by many users and looked up this platform without us knowing, and this is not all just about HIVE, this also include the LEO-Community.
HIVE/USDT Pair
We already hit and broke the 0.14 and 0.20USD key levels, waves 3-4 might be a little longer if we want HIVE to sustain at a price of .75US-1.25US if anything goes wrong and dumped again, these levels would be important and it has to happen. A healthy retracements and maybe a lower levels of reversals in case BTC would be dumped, or we really dont know how the market reacts when people are trading with emotions after a news has been sold and people are buying the news, and that's good so we can discover another All-Time-High.
The price of hive could potentially be priced at 3-5USD if the HIVE/BTC pair is also bullish, where in some cases HIVE could only be bullish if BTC is bullish, knowing that the price of BTC on any time could reach 100k-200k. We dont know, you don't know, the market doesn't care about you.
HIVE/BTC Pair
After Binance listed HIVE in their exchange, we thought that HIVE has a lot of price potential in the future and we could be trading sideways and the lower we can go is 3K-2.5K Satoshis, unfortunately nope. There are still plenty of users who has been holding STEEM that we are not aware of (If you still dont know about the STEEM-HIVE hardfork - TLDR, basically those who owns STEEM and STEEM DOLLARS will also have HIVE in equivalent, and then a sudden STEEM price surged after the announcement) but at least they have time to dump it and use the HIVE to stake.
The four purple lines (for beginners) are levels which is to be discovered in the future, this might be a resistance and/or just breakout and make it as a support. The four purple lines are pivots from the bear side of the market, some are predictable if you are using a proper indicator, the four levels are only exclusive for red Fibonacci range, we still need more evidence if HIVE will be bullish for BTC pair, for now - HIVE is BULLISH.
The important part for now is that we are going up, and treat this post as a STRONG BUY Signal in the long term, from increasing volumes to increasing highs year to date.
Take small Profits / Sell Slowly
Do you want HIVE to reach the moon? The solution for that is - DO NOT SELL (read disclaimer too) - or so you think, there are other ways to sell HIVE, is by SELLING a minimal amount and also by buying back through retracements. If you are new to trading, then this may not be for you, but its a good practice and also an awesome opportunity for you to trade like thise while we are still on a BULL MARKET.
Updates from our Small Group
While some of the members took the invitation for granted, rest assured that these are still members of the group who is/are still observing and indecisive
- We have new faces on board, with the shared positions in SPOT and FUTURES trading.
- Setting up a Fresh Discord Server so we can give more access to those who are willing to take this opportunity to learn and grow as an individual trader in the future, (by making his/her own trading decisions), and to Filter out the members who just like to observe first.
- Creating a Introductory Post for those who really wanted to start trading, but has no idea when and where to start
- Creating a Topic how to manage and Calculate risks
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 TradesHIVE
2.2.14 - Is Hive really Bullish? - HIVE/BTC and HIVE/USDTBTC
3.x.x - Elon Did not Pump BTC in one Day
Sources/Links/References
Similar Web - Website Traffic Analysis
Trading View - Live Trading Charts
Canva - Free Online Photo Design Editor
Discord Group - Generating
Binance Exchange - Refferal
Trading Indicator 1 - To be Shared
Trading Indicator 2 - To be Shared
Trading Indicator 3 - To be Shared
Posted Using LeoFinance Beta
Thank you for good analys
Posted Using LeoFinance Beta
Thanks man, I have a small upvote. But I appreciate your support!
Posted Using LeoFinance Beta
Although I'm not an expert in this I think that you've realized a very good analysis of the actual situation, and the recommendation about sell small amounts of Hive expecting some retracements is good.
To have some liquidity to take advantage of the sudden pumps is good too I guess.
Posted Using LeoFinance Beta
I am also not an expert or a professional trader, this is all based from my experience and observation over the past years. Selling slowly and by small amounts in the bull market is preferable so that indicators could not detect that there is a HUGE SELLING going on in this candle, this is also what happens to BTC price ranging between 3k-8k (this is during accumulation or so we call "the smart money"), big institutions would not buy the asset inside an exchange/broker, but rather buy via OTC or PeerToPeer. This is to avoid sudden market volatility in times of a transaction, thus in the bullmarket. Those institutions will start to promote and make noise of a specific asset/currency/commodity then the price would go up because people are buying the news, and those institutions are slowly smart selling.
Posted Using LeoFinance Beta
Wow, that is a vast disclaimer Chuuuckie.
Posted Using LeoFinance Beta
I amended it from that website mentioned, lol.
I there should always be a disclaimer, or I might get into trouble lol.
Posted Using LeoFinance Beta
The plots look good for a bull run. Thank you for sharing this analysis.
Yes sir! But all of this idea might be inaccurate, some of our trades were 70-75% accurate. But it pretty obvious that HIVE is tired for having that price.
Posted Using LeoFinance Beta
Is holding steem and sbd greatly affects the price of HIVE? So it's imperative to for formerly steem holders to sell it right if we want hive to increase in price?
That really depends if there has a lot of volume going on with STEEM/BTC / STEEM/USD pairs , then a sudden transfer and filling the orders in the market for HIVE. There are BOTs who do that, especially who wants to arbitrage both of the pairs.
Holding Steem/SBD does not affect the price of HIVE, however it got really affected after the Binance Listing, where people had alot of steem in their Binance accounts, so those users have 4 choices after the HardFork.
A) HOLD STEEM/SBD/HIVE/HBD
B) SELL STEEM/SBD/HIVE/HBD
C) HOLD STEEM/SBD and SELL HIVE/HBD
D) SELL STEEM/SBD and HOLD HIVE/HBD
or it could be just CZ Binance selling all those HIVE because he didnt believe HIVE community he just wants to dump it and delist it soon if it doesnt meet the standards. (#conspiracy lol)
they also get to decide if those SOLD assets would be bought back to other currencies, which I believe it did not happen, there was a lot of dumping in HIVE. Maybe because of that free multiplier.
But, it does affect the price of HIVE if BTC would stay bullish,
Lets say BTC is priced at 20kUSD/1BTC, the HIVE/BTC pair is 1 HIVE / 500 satoshis but it remains at 500 satoshis and Bitcoin is going up to 40k-50k, HIVE is bullish together with the USD price not with the BTC pair, now we can technically say its HIVE is bullish because of HIVE-BTC pegged lol.
Which means, its better to HOLD BITCOIN than HIVE if you are trading with it, but fundamentally speaking - HIVE is really bullish, there has been alot of improvements within a span of weeks, new members are coming, new opportunities, new users with power ups.
Posted Using LeoFinance Beta
Nice analysis, @chuuuckie. I learned a lot from this post. I bought a few more HIVE in the 0.23 - 0.22 range during the pullback, and barely missed the 0.21 cents. I agree with the bullish sentiment. HIVE Rocks!
Posted Using LeoFinance Beta
Thanks Sir Juan.
Thats good to hear, I hope youll find it more educating than profitable xD ,
Lets always remember, dont be too greedy.
Posted Using LeoFinance Beta
I do find it very, very educational Sir Chuuuckie. I believe it is good to have a healthy balance between being profitable vs being too greedy. Thanks again.
Posted Using LeoFinance Beta