Am expecting HIVE to continue consolidating within a reversal Head & Shoulders pattern.
Applying the trendlines to the fib line retracement and extension mappings, building out the various channels and then overlaying the relevant pattern(s), it appears the bottom of the right shoulder is approx. $2.80 and the future target is approx. $28.
DYOR NFA ... if $2.80 breaks, may result in a double-bottom around the $0.30 range.
Enjoy every sandwich :)
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As expected, HIVE trended down; minus $.17 for the week of 9/18 - 9/22 sent it below the $3 level. Appears a reversal may be in the near future as a Head & Shoulders pattern is now visible.
Does this mean that BTC has bottomed out ... keep 1 eye on BTC and the other on HIVE and BITF and of course the DXY as well. :) Just need a bit more thyme.
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Expecting this turtle to turn into a cheetah and fly.
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I see now that the diagonal dashed trendline intersecting with the $2.80 price point is not quite on the correct slope but no matter; as the Head & Shoulders pattern is holding. As the BTC price dropped, the price could NOT drop below the support of $2.80 otherwise the bottom would have fallen out ... AND, as BTC is in a Bull Run, this guy knew that sooner than later, a reversal would occur.
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Similar to MSTR and BITF, this guy appears to be aligned with the price of BTC; and possibly in an exponential type of way.