By keeping the price lower than STEEM, I guess. It would stand to reason to assume that any time the price of HIVE tries to spike, it would be slammed down by Mr. Sun. Anyway, if the price depends on a single malicious actor like that, there is no reason to put much stock in technical analysis because it is meant to model the behavior of crowds, not individuals.
You are viewing a single comment's thread from:
Ok, but I have HIVE charts up all day long and that is not happening in the markets...
What's the story behind the sudden collapse of the price of HIVE a couple of weeks ago?
Huobi got the airdrop but didn't enable trading on their exchange. Therefore anyone that received their HIVE could only transfer it out, which resulted in many selling it on bittrex.
I see. Anyway, that's also the sort of event to fall completely outside of the things technical analysis is good for predicting.