RE: $HIVE, $BTC & ETH/BTC Technical Analysis - 30.08.2026
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It's quite interesting to see someone who understands how to read the patterns. Unfortunately, I'm not much of a chart person, so pardon some of my terms if they don't fit.
On the daily time frame
it's quite a tricky one because when watching for both levels ($0.0473 and $0.0413), it's also important to watch out for how price reacts to the bearish and bullish gaps.
if price goes on to take $0.0413, which is at the midpoint of the bullish gap, and fails to close below it, there is a chance of it making a reversal to sweep the upside. And the reverse can also be the case if it decides to start with the upside, i.e take out $0.0473, close below the bearish gap, and form a reversal for the downside.
I won't rule out the possibility of it going after $0.0373, especially if we fail to close below both bullish gaps. But my question is... what are the chances of price reaching both bullish gaps and forming a reversal at the second gap without sweeping $0.0373?, i.e, can the second bullish gap provide enough support for a reversal without price sweeping the $0.0373?.
The righ answer to your question is, no one knows. It is pointless to give you an estimation as literally no one knows and who says they do, are just showing off and hoping the market goes the way they want to, but we trade the chart and hope has no place in this game.