Yes, that's it.
I know that I've been a bit inactive lately from a blogging perspective, but I believe these prices are a blessing. If you're not doing it already, please, DCA into your positions.
A couple of weeks have passed since the last report and it's time for an update on a few angles of my little child, SEED.
DAO Maker sales are still on hold, it's not ''let's raise money phase!'' yet. But these times are where the true advancements are done.
I'm slowly selling allocations from previously raised projects as they come to keep building a BUSD buffer.
I'm particularly interested into Splinterlands assets able to generate a cash flow, and License NODE's are a great opportunity IMHO. I've been buying on a personal level, bought some with SEED funds.
ORN keeps going strong, Frankly surprised to see alt's holding so well Vs BTC the last couple of weeks while 3AC and Celsius were being liquidated and there was panic everywhere. Bullish selling as I feel it.
Friendly reminder that BTC/ETH is -70% down from ATH and most of alts -90% or more. Don't be greedy and load some if you have some spare cash. As days go by I feel cautiously confident to keep buying.
AUM:
Some long-term charts & TA: (BTC/HIVE//AVA/ORN)
BTC/USDT
Few points of confluence (very similar compared with ETH) :
- 200 period MA (blue line), where the price is dancing currently.
- Generational bottom's on the RSI (same oversold conditions vs Nov 2018 and March 2020.
- 3 Waves on the confluence on the MACD histogram indicator (sellers getting exhausted).
HIVE/USDT
On a macro level HIVE has always shown support in the yellow zone between 0,23-0,36 so if it goes down I don't expect 'much more down' from this point. We already touched that zone of liquidity and bounced quite nicely.
MACD also shows confluence on both indicators (histogram & moving avg's). I don't expect to revisit the 0,1xxx, although I recognize that I'm biassed on this one. A bullish crossover is expected sooner than later. Honestly surprised about HIVE's resilience on current market conditions.
Ps. I'm a happy buyer around 0,3-0,4$ and I just bought 20K more HIVE on a personal level (not with SEED funds, but showing that I put my word where I put the money).
AVA & ORN /USDT
Both AVA & ORN show a similar TA showing some support around the October 2020 lows. Both coins lost all of their 2021 gains and are now in a full reset state.
MACD is also similar, histogram trending towards the neutral point after several waves of selling. A crossover to the upside is also expected very soon.
Current SEED Stats:
Circulating Supply: 100.000 tokens (full released)
AUM Value (All assets): 148.000$
SEED BACKED Value: 170000/100000 = 1,48$ /SEED
148/11 = 13,45% MoM profit
Who's going to HiveFest? I'm preparing dates and I'll be probably reserving hotel+flight soon :)
Best of probabilities, and I've seen a few people panicking and/or feeling bad regarding the current state of the market. If someone want/needs to talk, just hit me up, you're not alone.
With love, empo.
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