Hello everyone and congratulations with a happy power up day!š
It's been an ok month, not price wise so just bought a bit more Hive here and there. I landed 3,13% increase in Hivepower now at 12222 vs last month at 2,12%. Nice to be above 3% for the month again, where I like to be. Also hold around 1600 Hive, so 15k HP for the year should be easy now, at least if we get a capitulation to $0.1.. I'll see if I powerup or wait a bit, I have 2 goals I'd like to achieve this year.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
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
Well, the fifth bullish divergence was printed in this dump down at $0.16. Unclear if the bottom is in, technically the target is $0.1. If we reclaim our lost support $0.25 we have already been rejected of it (bearish retest before final leg down?) or even better $0.3 the bottom might be in, if we break $0.16 I think $0.1 will come fast. We are in a downtrend, it is what it is, let's hope Hive will enter an uptrend again.š
This is looking a bit bleak at the moment. The fractal im tracking for my own plan 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:
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 - August 1st 2024 and more info about PUD at @hivebuzz
My previous powerup post:
HIVE POWER UP DAY 1.july 2024
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Christopher
Kristiansand, Norway
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