Hello everyone and congratulations with a happy power up day!😃
Well hive has taken a trip down instead of up as a result of Bitcoin, so I've ended up just shopping for cheap Hive. Otherwise it has been a slow month, landing 2.12% increase in Hivepower now at 11850 HP vs the previous month of 2.38% or 11604 HP. Maybe it's a bit because the price of Hive is so low.. Would love to get back over 3% again.😃
2024 goal: It would have been nice to see 15k hivepower by the end of the year and 1k HBD.
Including my TA thoughts as usual, as I want to track my ideas. In previous previous post I where talking about
got our 4th bullish divergence. Now patiently waiting for the next attempt to regain $0.4, when we do we should see a nice rally towards $0.6-0.7. If we were to lose the green uptrend we'll have to look for 5th buy..
So we lost green line and I have to look for 5th buy lol. This also now looks like a descending triangle with a target of $0.1. I think we will do like last cycle, make a bear trap towards the end of the year before the bull run for lagging alt coins run, what do you think @mypathtofire?
The fractal im tracking for my own plan so I remember it.🚀
A big rally to $1.2 - $1.7 ish the next months, and a big rejection likely to correct to $0.6-0.7 to flip it over to support after it breaks. Just like the previous cycle, this would make for a very juicy swing trade. Sell in yellow circle, buyback in green for the last stage which should hopefully lead to a new ATH. All 3 phases lasted about 3 months each, fits with this cycle peak can perhaps come in Dec 2024 considering Total2.
See my TA on BTC here:
BTC update - GOLD vs BITCOIN - Definitely the fractal to watch🧐
Happy PUD and PUM, see you next month. Have a great week. Bye! 😃
Read about:
Hive Power Up Day - July 1st 2024 and more info about PUD at @hivebuzz
My previous powerup post:
HIVE POWER UP DAY 1.jun 2024
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Christopher
Kristiansand, Norway
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