[HIVE/BTC] - Little TA update

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10 Days have passed since my last update in the HIVE/BTC price. And it seems we're still holding strong.

Many people lose interest in HIVE after the trading competition from Huobi & the binance listing ''mania'', as our volume return to pre-FOMO levels of ~5 million of daily volume (easy ~100 million at the peak).

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Looking at the charts from a pure TA view, we're not 'bad' after all:

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As you can see, we're still holding (more or less) that 0,786 level (remember that supports/resistances aren't a thin line, they act more like a 'liquidity zone').

We had a couple pumps from that level, But these days people have been watching Bitcoin and not much else. By the way, We're again up from the ~9000$/BTC point, which is awesome taking in consideration that a lot of people were expecting ~7500$/BTC by now.

Who knows, maybe I'm better STFU. Never say never with BTC. It's still early IMO.

Coming back to HIVE, take a look at the daily MACD (we can look at higher timeframes as time passes).

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I'm speculating that we might see some kind of bullish crossover in a week or so. The sell pressure is slowly vanishing and we're stable at 0,3$/HIVE.

Patience, We'll get there.

Hope you enjoyed the read. Drop me a comment with your view o the markets. Do you think that the 'post-halving dump' is over or not?

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You can follow me on Twitter for more updates.

I'm also starting to work in a personal website related to finance & crypto conten: wealthpowertime.com

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Posted Using LeoFinance

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4 comments
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I wonder if the airdrop dumping is finally over. Is there anything left from that till?

The question with TA is how valid is it on something so new. There is not the track record that shows things such as solid support and resistance.

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If it isn't over I guess that the (still ongoing) steem powerdowns are more than enough to counter the dumping from the steem believers.

I also know that a lot of people who are selling their steem (I include myself there) aren't exchanging it directly for hive, they're holding BTC or waiting at the sidelines.

It's a pleasure to see you there taskmaster4450le btw, I'm glad to be involved in Leofinance as a big token holder with people like you, edicted, thomas, mindtrap & etc.

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