Good day Hiveians!
Join me in analyzing the crypto markets!
Hive is once again in the top 250 projects!
~$2 Billion daily volume ATH
Ja, so Hive isn't joking around. ~$2B is absolutely insane. It's the most we have ever seen for Hive and rumors of Upbit faking the volume back in 2021 can be officially put to rest. Hive is on 🔥 and $1 is within grasping reach.
I hope you have had time to power down some Hive and sell into the pump like I advised some days ago. Profiting from the Hive pumps is an easy way to get rich and you should think about selling at these levels and buying back in the mid 40s. I should probably say that this is NFA, but so far it's always been the right decision - a 30% drop is essentially guaranteed.
I have managed to sell around 15k Hive and set up selling orders just before the pump (a man has to walk the talk):
And guess what. This was anohter 00:00 UTC pump, if only we could have known...
This isn't going to be the "Local top" by any means. It's going to be at around $1 in my estimate. If things continue like this (i.e. price staying in the 50s/60s), we could even make it to around $1.3 (my former estimate), before whales take profits.
Macro chart confirms these movements once again:
For the next weeks, I am expecting a run up to this area (raised it a bit) and there is a real chance to fomo buy into the top and regret it in the following months... so stay vigilant. A correction back into the 40s is also almost unavoidable, but now this area has turned into macro support.
Conclusion
Hive is on easy mode right now. Just sell into the pumps and enjoy free money. But don't forget to buy back of course. 30% corrections should be an easy target before the bigger one comes when the local top is in. I mean the macro chart is a cheat sheet, enjoy! (but don't trust it completely)
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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