Classic bull flag forming on Hive blockchain. After hitting a high on Feb 16th week, it has sold off the last 4 weeks on decreasing volume. A buy can be initiated at $3.85. price target for the pattern is $9.75.
Assuming BTC and ETH keep carrying on up, HIVE Blockchain looks to have a very easy 2x potential.
If you are interested to invest in Bitcoin and related asset, then Bitcoin miners stocks could be a more rewarding investment opportunity. As you see in this chart, RIOT, MARA, CAN, and HVBTF are the largest publicly traded Bitcoin miners stocks. They all have positive correlation with Bitcoin price during Bitcoin bullish rallies and perform 2-4 times better than...
Jim Cramer : 'When i had an hedge fund and i wanted to short a stock, i would use 10 to 15 millions to push down sentiment. Sentiment is all we have today. When i would see a buyer coming i would sell big against him quickly to kill the sentiment.' Hello everyone!! This stock is set to become the biggest public blockchains crypto mining company surpassing RIOT...
If Ethereum does what I think (hit $5000-$8000) this cycle, then HVBTF should easily reach the $18-$27 target in a blow off top!
Hive appears to be trading in a Bullish Flag, or possibly a Descending Triangle with a Double Top to compliment the bearish narrative.
Hive appears to be breaking out from a Ascending Triangle. With the Halving approaching in less than a month & China officially launching their own Digital Currency recently, there's Macro bullish sentiment that surpasses the positive crypto environment that resulted in Hive going parabolic along with Bitcoin & Ethereum. McDonald’s and Starbucks are reportedly...
Possibly a descending triangle as well, but the RSI is fairly low on a 1 Month chart which indicates there's room for appreciation before becoming overbought. One thing I find very interesting is the fact that Hive has traded 321,456,046 shares in the past month, keep in mind Hive only has roughly 327M shares outstanding, huge volume surpassing the 2017...
Or maybe a descending triangle, only time will tell. There's merit for a Inverse Head & Shoulders pattern as well.
Hey everyone. Here's a dirt cheap stock that's still down 88% (even more measured from the wick) from the 2017 mania. If you want to leverage a small investment without taking on the cost and risk of margin trading, this may be your ticket. This has already been good for one great trade using the 5 period RSI system from my previous ideas and it stands to be a...
It's more than likely the descending triangle plays out with Hive, unless clarity on the situation with Genesis happens sooner rather than later. Even if Bitcoin & Ethereum continue the upward parabolic trend, Hive has lost some or basically most of it's correlation to the two assets, which at one time was "roughly" 94%. Time will tell per usual.