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Are Whales Tracking My Charts?
Seems a bit presumptuous to say... but is it after predicting Hive since June with near 100% accuracy? Okay, of course I am not really saying that whales are charting my charts, but it's clear that I have gotten the feel for Hive. It's every trader's dream, understanding the movement of a coin. And that also seems presumptuous to say as many would argue that one cannot really understand markets, but it also seems hard to sell this just as "luck". Let's revisit the June chart. Back then I made this general prediction for Hive.
Back then it seemed crazy to think that Hive could ever dip to ~15 cents again after having endured a 2+ year bear market. But for the reasons laid out in previous posts I felt quite certain that we would. The drop came and the outlined consolidation period which took a couple of weeks longer than I had anticipated. Although I never wanted to highlight Hive's path with great precision in this chart (which is why I am a bit dumbfounded that it is actually so exact).
Let's overlay that outlook onto the current price action.
Note: I have slightly modified the pathway to better fit the bottom; I also raised the first peak in the current impulse wave to around 65 cents instead of 45 cents.
Overall, I am expecting a run up to around ~$1.3 in the coming months and then a strong correction back to perhaps 45 cents before the upwards movement continues (yeah, be prepared). This would be very similar to what happened back in 2021 and in fact I am basing this projection onto the last run up. If so, we could expect price to top out at around $5. But, Hive is in a very different place to where it was in 2021. If this gets factored in by the whales then I would rather expect a $22+ price target.
Micro Outlook getting confirmed as well
2 weeks ago I made a post about Hive exploding soon and I presented a chart for the near future.
As we can see we are on target with this outlook. There is a good chance we will see a rejection at around 70-80 cents and a final top at around 1.3-1.4 before retesting the macro breakout.
Conclusion
Hive is on fire lately and I have to say it hasn't been a surprise, although it feels strange seeing Hive retrace almost the exact pathway I have presented earlier this year.
I have high hopes that we will see $5 next year and if all goes well it could even be in the 20s. With a $200M market cap, it's only a 5x to get back into the $1B club.
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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