I hope HIVE drops even further so that many of us can get a lot of cheap HIVE in the right/strong hands. We probably have 3-4 months of HIVE dumping before us. When the steemians are done selling their stack, we will see the price explode.
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I would agree @ew-andpatterns.
To me, it is always good when a currency ends up in stronger hands to start. Clear out those who are not really interested or going to flee with every bump in the road.
I have no idea on the time frame but I cant argue with the 3-4 months of dumping.
It will be interesting when you have enough on a chart to apply EW to HIVE.
It's probably going to be a big corrective pattern before the first impulse starts.
That's very common for altcoins. Basically the chart is irrelevant before the correction is done. That just means I will buy the expected dips, especially when Steem is 2x HIVE like it was this morning (in Europe).