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RE: Is Hive really Bullish? - HIVE/BTC and HIVE/USDT

in LeoFinance4 years ago

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.

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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.

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