So, many people aren't a fan of TA, but do ascribe to the saying "The trend is your friend." When you're looking at the trends you want to look at various moving averages.
Tyler Jenks, who is the creator of "Hyperwave" theory, which explains bubbles and how they tend to operate also created a theory he called consensio. When you have 3 moving averages that can be in two directions there's something like 27 positions that they can be in. The fully bearish position is when the long term moving average is the highest one, the middle is below that, and the short term moving average is below that. Worse still they are all pointing down.
The opposite is true for the full bullish case where the long term moving average is at the bottom, with the middle term moving average above that, and the short term moving average above that. Best part is that they're all pointing up.
For the last few months Hive has been in a fully bearish posture while the rest of the crypto markets go ballistic, at the end of January we had 1 bullish move in that the short term moving average crossed the mid term moving average. Since Jan 21 price keeps piercing the long term moving average, and right now we're sitting on it.
I'm expecting a break out, followed by a pullback to test the long term moving average, and then a launch from there. I'm expecting sometime in February the short term moving average will cross the long term moving average and the mid term moving average will start pointing up. That's not yet the full bullish case. We would have to get the mid term moving average crossing the long term moving average. But the good news is that things are going in the right direction.
Anyway, this is a long way of saying I see signs in the price that things are ready to start turning around for Hive's price. You should consider snagging some and prep for a ride.
Moronic predictions...
My December price target is $80/hive. Which I know at 16 cents sounds moronic, but by the time the full bull cycle is on, btc hits a short lived, euphoric high of 400k, and people are snorting BLOW and the HOOKERS then all that bloated value will pour into alts like HIVE and send this fucker sailing before crashing back down. Bubbles are fun!
Anyway, have fun this year, pick a profit zone, and start dollar cost selling after it so you don't get rekt.
I don't know you or your finances, so this is my journey and not financial advice. Speak to a professional.
Your moronic price prediction for Steem was 100$, we all know how that turned out.
Your new moronic prediction is Hive to 80$. Will you suck your own d if we get there?
You are shaping up to be a John McAfee of Hive.
Savage :)
!popcorn
A high cost of Hive would bring some nice benefits however some problems or at least stress tests to the system... are we ready this time around? We weren't fully up to the task last time.
lol where did you get that number from !?!? I'll be happy with anything over $1, and OK with .50
At $80 it will be death by hookers and coke. That would be the end of me.
For now I would be happy to break a dollar in this bull run and hold for a while. I'm looking at the long term value of the token and haven't finished stacking by a long way yet. I was loving 12c as other shitcoins pumped.
Posted Using LeoFinance Beta
jajajaja 80$? it would be nice... but I am happy to see hive at 1$ by March at the latest.
Dude. $80 Hive? That brings me up to around US$7 million. If HBD could keep the peg at $1, I might even get to enjoy some this time.
Very optimistic!
Posted Using LeoFinance Beta
Nice target. I think the top will be at $25
If hive hit 80 dollar the marketcap will be 33 billions dollars. My prediction is 5 dollars.
I just do the math for Hive/$80
and I see the ocean.
Like everybody says $1/hive
is possible unless Bitcoin reaches $400k by December 2021
Posted Using LeoFinance Beta
For sure, I am glad to see some positive signals! But unless we see that rising price trend being backed by consistently stronger volume — and not just because ONE exchange is gaming the price — to suggest actual accumulation, I'm gonna remain cautious.
On the other hand, if a few of our dApps really start cooking, and another 8-10 communities follow in LeoFinance's footsteps, then Hive could very well "pull an ETH" and get pulled along by the success of its projects.
Love the $80 prediction; even at $10 there's be a short supply of coke and hookers....
=^..^=
80$ !? crazy :D
but we are defintiely lookin good!
https://hive.blog/hive-167922/@tobetada/crypto-analysis-or-hive-lookin-good
However notice that we are movin together with steem :(
Sweet we're all getting hookers and blow this year? Nice!
aggy is paying :D
Posted Using LeoFinance Beta
I think the term moronic prediction is a strong indicator that it’s not intended to be taken seriously, and I could only see it happening under the most optimal circumstances, with all the luck in the world, by the skin of our teeth, but I didn’t notice anyone talking about the standard of measure we’re using.
The stage is set for the U.S. gov to fall to a fascist regime or collapse, under the economic crunch of covid and all the other damage we’ve taken for decades, but specifically in recent history. If dollars are worth less than Charmin hive could be worth thousands.
I don’t think that’ll happen but I’m not confident in that position. If I had an extra thousand a month I’d sprinkle it all over hive and every thing else that’s as far away from the current financial system as possible.
sounds like you will eat my longs