HIVE went 30% up...but for a moment only. HIVE - LEO comparison.

in LeoFinance2 months ago (edited)

The last couple of weeks I’ve been experimenting with hourly trading and even scalp trading. Scalp trading gave me more white hair the last 2 weeks hence I stopped it, but hourly trading is profitable and fun...well that's when things play out well at least.

I guess you can all understand that this is the 1 hour chart of HIVE/BTC on Bittrex right? Right.

20200922 23_47_520.00001554 BTCHIVE Hive  Bittrex.png

You see that huge spike right there? You can't miss it.

You won't see that kind of spikes in any other exchange other than Bittrex. Why? Because the order book is full of small orders and there's not much liquidity either.

Therefore if one is willing to spend a fair amount of BTC and buy HIVE they usually have to move the entire market/price 15% / 20% / and in this case 30%+

I have a pretty good feeling who is behind this 500K+ purchase...

But as you can see a few minutes later the price came back down to "normal" levels. And that's because people are dumping their HIVE tokens on first chance...Stupidity at its finest...don't mind me...

How do you expect a new, higher baseline for HIVE to be formed if you are dumping your tokens left and right as if it's garbage? Geeezz...


One the other hand look at this beautiful chart and this beautiful order book right here...


20200923 00_07_47Leo DEX.png

Every single time someone is dumping their LEO tokens there's a new buyer willing to buy at even higher price. WHY?


20200923 00_08_20Leo DEX.png

You think it's just because of the Uniswap launch which is taking place tomorrow? NO! Even before the whole Uniswap thing 90% of all LEO tokens were staked. Sure people are now buying LEO tokens so that they can provide liquidity and such but it's more than that.

People behind the LEO scenes are working really hard to accomplish all those things that those who pulled the strings on STEEM and now on HIVE haven't.

They are working methodically and in a really short period of time made every single LEO holder dreaming again.

Nuff said...

I really do hope that both HIVE and LEO will perform according to their potential in the near future. Why wouldn't I?

I hold a fair amount of both...

Have a good one people.

Cheers.

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Trying your hand at scalping is a good exercise for anyone looking to be comfy swing trading on a ,ore gradual scale. I actually enjoy keeping it on chain and swapping Hive against a more stable and predictable HBD in the market. Now is a good time to buy hive!

I have not looked too closely into trading any of my coveted LEO but may put together some fiat to buy into that game. Love the hive-based initiatives like that.

There are some great opportunities for arbitrage on Hive...

I have a pretty good feeling who is behind this 500K+ purchase

Who do you think it is ?

There's a happy whale that keeps buying lately

Unfortunately I don't think it has anything to do with a buyer, 2 hours ago BTC just spiked hard and did a darth maul of $300 in both directions.

When BTC is bearish and it spikes in a odd way, all alts do these mini spikes because the BTC price spikes up.

This really unfortunately is not a sign of "buyer interest" in the HIVE native token.

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I guess we'll find out when penguinpablo makes his post

when you say 90 percent of leo tokens staked? do you mean powered up?

Yes. Almost all leo were powered up. Only recently after the announcement of wLeo people started powering down for providing liquidity to the pool.

Ya, another term for powering up

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Do not miss the last post from @hivebuzz:

Update for regular authors

There's one more thing to consider here. A lot of people (A LOT) who are on hive don't really have the "crypto vision" if you may. It's just some friend told them, oh you can earn "money" writing blogs and that's what they are doing, cashing out instantly not actually realizing the need for hodl etc etc.

With leo on the other hand, people who have a solid knowledge of cryptocurrency dynamics are involved, investors and such. And it shows.

I couldn't agree more...actually your comment gave me an idea for a new post

Hehe nice! I'll check back again later tonight for that post :))

Looks like the price is on the run again we should have 1-1 parity with HIVE today :) Looks like LEO is growing up fast

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faster than one could even imagine only a few days back. Today it's party day...2 hours left

Well, I'm a hodler of both HIVE and LEO too and their progress would do me much more good. Now, I'll try to ask if ChangeNOW can list LEO so I can buy from there to any wallet I want

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Nice. Give it a shot bud!