Classic Bull Flag on Hive BlockchainClassic 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 $9.75.
HVBTF
Intermarket analysis of Bitcoin price and Bitcoin miners !If you are interested to invest in Bitcoin and related asset, then Bitcoin miners stocks could be a more rewarding investment opportunity.
As you see in this chart, RIOT, MARA, CAN, and HVBTF are the largest publicly traded Bitcoin miners stocks.
They all have positive correlation with Bitcoin price during Bitcoin bullish rallies and perform 2-4 times better than Bitcoin. As I predicted in early November RIOT has outperformed Bitcoin the best (>4x) in the last 4 months.
In conclusion, it would be good for Bitcoin investors to put some money in Bitcoin miners to boost their cryptocurrency investment performance.
Moshkelgosha
HIVE blockchains Squeeze - Most shorted stockJim Cramer :
'When i had an hedge fund and i wanted to short a stock, i would use 10 to 15 millions to push down sentiment. Sentiment is all we have today.
When i would see a buyer coming i would sell big against him quickly to kill the sentiment.'
Hello everyone!!
This stock is set to become the biggest public blockchains crypto mining company surpassing RIOT and others concurrents.
This stock will get squeeze to at least 20$ . That company actual earnings are far from representing the future earnings of the company.
This is a company of tomorrow and right know all i see is the same setup i saw so many times before a big move up.
We wont sell the shares at those price, -50% or +50% is nothing for us at that price. We will buy more and you will get squeeze.
Have fun my little deplorable!
(HVBTF): HIVE BLOCKCHAIN $18-$27 TARGETIf Ethereum does what I think (hit $5000-$8000) this cycle, then HVBTF should easily reach the $18-$27 target in a blow off top!
Ascending Triangle breakout for Hive, new ATH's on the way?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 part of China’s digital currency trial.
China has rolled out a digital currency trial in Xiong’an, an area southwest of Beijing in the Hebei province, according to state-backed media reports.
McDonald’s, Starbucks , and Subway are the only three American firms among 19 companies participating in the trial.
The People’s Bank of China (PBOC) has been working on a digital yuan for the past few years but has made clear that it has not yet officially launched.
McDonald’s and Starbucks are among a handful of companies taking part in a new pilot program for China’s upcoming digital yuan, according to state-backed media, as the world’s second-largest economy pushes forward with its plans for an electronic currency.
This is the main reason why China propaganda has become dangerously provocative in America.
China is rolling out a cryptocurrency, a lot of the details have not been divulged.
I can tell you the cryptocurrency China’s rolling out will likely be backed by gold . China’s got 20,000 tonnes of gold or more, add the fact they are dumping U.S debt & treasuries at an alarming rate, it's plausible they'll bring back a gold standard for the new century.
Is Hive trading in a Bull Flag?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 parabolic rise but the share price didn't increase 1/5 as the previous Bull Run.
On a positive note Hive is gaining back its correlation to Ethereum, technically during the past month Hive has outperformed ETH which is interesting. ETH is the Grey line & Bitcoin is the yellow.
HVBTF - Leveraged Crypto OpportunityHey 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 10+ bagger if/when it returns to its ATH. The challenge is that you have to be in position for the move when they announce earnings. Unlike other blockchain and crypto stocks (i.e. Grayscale) it doesn't really correlate to daily crypto price moves. This one is more earnings, news, and sentiment driven.
There's no guarantee that December was its low point, but that can be said for the entire crypto market. Considering the majors have risen 300% and beyond, I think the risk is to the upside with this.
Not financial advice & do your due diligence.
Ascending Triangle or Descending Triangle.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.