Hello everyone and congratulations with a happy power up day! It will be a short post as it fell on our street art contest day.😃
Reduced some delegation as my main focus this month was making sure I got over 10k effective curation power. And with a 4.03% increase vs last month's 3.13%, that helped a lot, a good month and total hivepower at 12715HP, 2k+ more before eoy would be sweet as the target is 15k for the year. If prices continue to drop lower, that should be easily achieved, just dca'ing. 😃
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
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?)
Not much to say, we need to regain $0.25 which was the breakdown level to be bullish. As mentioned in previous post I see this dump as a pre-bullrun trap for Hive like last cycle (blue circle in weekly chart below). If that happens, it's a gift for those who have been patient to buy. The positive is that we are forming a bullish divergence on the weekly chart, so we might not get it, the last time was at the bottom before the bullrun. A few more weeks or months and we'll be done. Let's see. 🙏
This is looking a bit bleak at the moment. The fractal im tracking 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 - 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! 😃
Read about:
Hive Power Up Day - September 1st 2024 and more info about PUD at @hivebuzz
My previous powerup post:
HIVE POWER UP DAY 1.aug 2024
Would love to see you in our weekly street art contest:
CCC's Street Art Contest #212 | 🎁 : 100% Liquid Payout and Ecency points as Prize Pool & Winners of #211
Christopher
Kristiansand, Norway
Follow us for our street art contest and blogs about travel, art, photo, crypto & gaming
