Hello everyone and congratulations with a happy power up day!š
This will be a short post since today was our Street Art Contest #225 posting day. But I have to do a powerup post as usual, right? It's been a quiet and nice month as this year's HP goal was reached last month, as I did my Christmas shopping for honey for this year then, see my TA at the bottom and you'll see why. So it was a 2.4% increase and back to normal pace..š
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 post I where talking about
We might be close or bottom might be in, who knows, I just know I love weekly bullish divergences, they usually marks bottoms as bear divergences marks tops.
Looks like my bullish divergence on the weekly timeframe did its job, just like last cycle marked that bottom. And 2 weeks ago in this post HIVE is pumping, are we back? š„š I said
we can only be excited if we close this week's candle above $0.25
We got our close above, imo the bottom is in, next is to clear $0,49 highs. Il do a follow up with my price predicion for this cycle and how it will play out, I see somthing cool in the charts, I think you will lik it, it will be realistic as all my TA are, I dont flip flop. Just as with Bitcoin from 16k I talked about bottom was in, and in the end it did as gold! ā BTC update - 3 months later a bullflag has formed, are we now going to do as Gold did?
This is looking a bit bleak at the moment. The fractal im tracking so I remember it.š
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: (ps. I should do an update as it has broken out)
BTC update - 3 months later a bullflag has formed, are we now going to do as Gold did?
Happy PUD and PUM, see you next month. Have a great week. Bye! š
Read about:
Hive Power Up Day - December 1st 2024 and more info about PUD at @hivebuzz
My previous powerup post:
HIVE POWER UP DAY 1.nov 2024
Would love to see you in our weekly street art contest:
+HSBI CCC's Street Art Contest #225 | š : 100% Liquid Payout and Ecency points as Prize Pool & Winners of #224
Christopher
Kristiansand, Norway
Follow us for our street art contest and blogs about travel, art, photo, crypto & gaming
