Interesting times

I have read dozens of FUD posts lately, here on Hive and on other social media, even in the mainstream media, Bitcoin was doomed and the whole cryptosphere with it. But I really never panicked, I wouldn't even have panicked if it went to 20k USD. It is just a whole different ball game than the stock market other fiat currencies. The swings are way higher, and that is just normal, as it is still a very young market. But now... Bitcoin has gone near 44000 USD again, and Hive is moving up in both USD and Bitcoin terms. And Hive is the one I am most interested in. I am not counting my money yet, but I have a good feeling about this momentum, and read some very interesting technical analysis posts about Hive and its way forward. By @toofasteddie and @tobetada, especially This post by @Tobetada caught my attention, because it is quite thorough and focuses on different aspects, history, and resistance and support lines. His prediction is that we, aka Hive, are heading towards + 5 $ Hive. And, maybe it is the excitement about that that blurs me a bit, but I really think he could be very correct.

No TA for me, but I look at charts

I am definitely a nitwit at Technical Analysis, at least to do it by myself. But I do look at charts, and two things in particular always interest me when it comes to the chart of Hive. First of all, it is the evolution of Hive price in BTC-terms, and the volume. In this case both are rising. Hive is worth more in Bitcoin terms than this morning and yesterday, and this is very good. And the volume has gone up with that. That is another good factor. Even though a volume of 25 million USD is still not substantial, it is heading in the good direction. Another raise in volume could catapult Hive to 3 dollars in no time! Very interesting times!

Sincerely,

Pele23

Posted Using LeoFinance ^Beta