+500 HIVE POWER UP DAY 1.sept #PUD and 8th #PUM done 👍

Hi everyone and congratulations with happy power up day! 😃

Then August was completed, my 8th powerup month went well and I'm looking forward to the next one. The goal is all months this year of course, and the annual author badge as well. Looks good so far. Otherwise everything is fine IRL, looking forward to a little holiday in October, not too long now, maybe we will also see 10k hivepower until then instead of for Christmas as we powerup 500 HP today and it looks like that will be the plan next month as well. Or more if Hive is gonna take a dive lower, see my TA below. Ok, lets go, here are some stats again.. 🚀

A good month again, had a totalt of 10% increase since we added 500 HP, but if not it would have been 3.8% increase in the hive power vs 3.7% previous month. Nice. 😃

Including my TA thoughts as usual, as I want to track my ideas. In previous post I where talking about

And $0.38 where hit, that was an 40% move from the buyzone's first push. As mentioned last time, we need to recover it for the next targets $0.48-0.7. And the potential inverse head and shoulders pattern is still in play as long as we don't print a new low. In that case, as also mentioned, we will probably just create a bullish divergence like the previous two trade ideas and then see the real move that brings us to test $0.65 ish, that will be the neckline to overcome to confirm the ih&s pattern. Again, it depends on Bitcoin. And it broke the bull flag to the downside, so we can get a test of HIVE's lows if BTC will correct to 25k again..

Well then we hit the lows again and back in the buyzone since BTC hit 25k, just a good place to addback if you took profit at $0.38 that hit first. As mentioned, if we print a new low I will accumulate more, we will probably just print a bullish divergence and get our real pump, been waiting patiently for it and now it is forming and we are oversold again. But if BTC loses 25k, Hive will go much lower, probably to $0.2ish will come and we should see a good bounce to test $0.3, dont wanna miss that, a 50% move. So I save some HBD if that happens. Again, it depends on what the King Bitcoin will do.

Happy PUD and PUM, see you next month. Have a great weekend! Bye! 😃

Read about:
Hive Power Up Day - September 1st 2023 and more info about PUD at @hivebuzz

My previous powerup post:
HIVE POWER UP DAY 1.aug #PUD and 7th #PUM done 👍

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Christopher

Kristiansand, Norway

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