HIVEThe trend has mostly been downward. From the rough look it either will still continue going down or either move up today?
Also am new to making analysis.
HIVE trade ideas
$HIVE - Hive Blockchain TechnologiesDaily chart. Very easy to see what's going on here. Working on breaking that downtrend (white line), when this breaks watch for a successful back test for a buy signal. MACD needs a bit of work still but would start to curl with a few good days of buying. 50 day MA is currently at $3.95 if price were to touch this line I think this would be a good area to buy/add. If the 50 day MA fails then bottom of the shape structure is my next add/buy.
Is HIVE about to breakout of a Bull Flag?It appears as though Hive is slightly breaching the downward sloping resistance of a Bull Flag, recently there was another fake-out to the downside of the horizontal baseline of support but the sp has created a higher low on top of the rising channel for a second time where I have placed the blue fingers.
The RSI is already breaching the downward sloping resistance of a similar pattern.
On the KST there has been a bullish cross, you need to zoom in close to get a clear view.
The chart linked to this chart displays a slightly different narrative, it displays the sp is trading inside the rising channel on the verge of breaking out to the upside.
Inverted H & S ?It appears the Inverted H & S is coming to completion with confirmation on the break, with a test of the green dash trend line. Only time will tell, but goo risk to reward as identified by the measured move, which also confluent with fib levels and Bollinger bands (broken down based on standard deviation) not provide due to clutter. Will take a small long position (a nibble) and then add on the confirmation of the breakout. Only time will tell.
HIVE Blockchain bullish outlookAssuming BTC and ETH keep carrying on up, HIVE Blockchain looks to have a very easy 2x potential.
Fifth wave Zoom inTis is not in Log Scale the other one was and this provides a more realistic , possible outcome. The other scenario is it drops out of the channel.
Finnish wave 4 before final push?Possible outcome for Hive. Should know by next week if Hive will continue to the top of the channel. Possible chance that is what will playout and it will happen before the summer.
Is Hive trading in a Bullish Flag?Since my previous post on Hive linked to this chart, the share price has broken flush to the upside of an Ascending Channel, and upon back-testing old resistance there's been a double bottom where I have placed two blue finger icons, and old resistance has turned into new support forming a bullish flag upon consolidating, inherently bullish in my opinion.
On the RSI there's a similar pattern to the price action.
The KST has seen a bullish cross where I have placed the blue downward-sloping finger, and I've placed a question mark at an area where it's likely another bullish cross will occur near term, depending on the macro environment for Ethereum & Bitcoin.
The pattern could always play out bearishly as a descending triangle, if there's a loss of support at the upward sloping channel area that has acted as the baseline support of the bullish flag then my narrative will adjust accordingly.
If the bull flag pattern were to lose support, I'd expect the next area of support around the bottom part of the upward sloping channel, similar to the path I have drawn in red on the chart.
Fake-out to the downside of a Bullish Flag for Hive?It appears as though Hive has pulled a fake-out to the downside of a bullish flag & re-tested the top of a rising channel turning it into new support.
Hive is now trading back into the bull flag & on the verge of breaking out to the upside any day now considering the price of Ethereum & Bitcoin is continuing to rise and Hive's share price has been highly correlated to the price of these two assets.
BTC is the dark yellow line on the chart.
ETH is the dark orange line on the chart.
The correlation is undeniable and on a longer-term time frame Hive's stock is outperforming both assets which is a perk for being the most profitable public miner and having exposure to both assets, more exposure to Ethereum than BTC but over time that will change as Hive is starting to get more entangled with BTC mining.
On the RSI the downward sloping resistance has been broken to the upside and upon back-testing old resistance, it's acting as support for the time being.
There has been a bullish cross on the KST.
There's been a very nice V shape recovery after this fake-out.
53% Discount on HIVE Dip purchasedHave been employing DCA on this one, not huge money but it should never be huge money as per money management rules. Bitcoin, Ethereum and the entire cryptocurrency market has taken a 2017-2018 move down in dollar terms, but not by percentage terms. A good time to buy a little bit of everything is right now. There is no guarantee that we don't go down more, especially over the weekend, but there is also a chance at a bounce back to the north end of the range; as such, bitcoin-adjacent stocks such as HIVE will be relatively correlated with the price of Bitcoin. Also added a few shares of the BTCC ETF as well. I don't think I need to point out that everything is a bit oversold on balance and we are due for a bounce. In fact, in the time that I bought and am composing this, BTC moves closer to 48,000, about 600$ up. Time will tell.
With instruments like HIVE, QBTC/U, and BTCC/U (/U = USD denominated), I advise using a tax shelter, and at the next bull run peak (could be years away) to sell these, but hodl BTC for the duration. I could see a bear market happening between now and then. Target would be BTC at 300K+. These, if still correlated would have gone about 5-10x if correlation is maintained, but some growth at the very least. At this price, your risk/reward on both is fairly decent for small money. Then you have fiat in your tax shelter as opposed to selling BTC which could theoretically continue higher and something to pass on with an inheritance, or you can cash out completely. It is all about options. My opinion, sit on BTC/ETH and possibly a few others, collect a yield if you can via staking and or services like Blockfi.
A Bull pennant forming. 3 EMA test gonna happen.😘NEW in this game, ideas base on personal understanding. But every bullish in HIVE .
HIVE (back to $6.50)It seems like hive could rise back to 6.5 in the coming days, after the low it was at it shows constant growth with few pullback, but with every opening it rises. Still learning, so if any mistakes or wrong analysisez or any information you can add that would be great to know about. Thanks.
HIVE.CA: Bullish FlagBullish Flag
Pros:
Post forming with volume
Descending volume during flag forming
PPS above 50MA and 200MA
RS above 0, but flat
ATR Ascending
R/R ratio above 6
250RSI above 50
200MA ascending
Target:
PT = 10.05$
1000 Followers! Thank you all!
Thank you to those who donate Coins!
Stay Humble, have fun, make money!
HIVE.CA: Bullish PennantBullish Pennant
Pros:
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 8
250RSI above 50
200MA ascending
Cons:
Volume during formation
Target:
PT = 11.51$
1000 Followers! Thank you all!
Thank you to those who donate Coins!
Stay Humble, have fun, make money!
HIVE is looking BULLISH on what I see as a Cup and HandleCup and Handle formation appears to visible and potential upside is 100 or more
Ascending Channel for Hive?If Hive breakouts of the channel to the upside it would indicate that the price will rally further, and on the contrary, if it breaks below it could indicate further downside price movement.
On the RSI there has been a series of higher lows since late January this year, and the higher lows started occurring coinciding with the price bouncing off the bottom of the channel, potentially forming an Ascending Triangle pattern on the RSI.
On the DMI there have been two bullish crosses where I've placed the green finger icons.
For those looking to capitalize on BTC / ETH, I present HIVEAnother Canadian-specific play, via TSXV (venture index)
Felt stupid for buying at 2.81, after a couple of days, break-higher out of the bull-flag formation has confirmed. Considering adding more to this on a correction, which might be starting. Have a very small position and would like to have a better dollar-cost average in case this becomes a long term hold much like QBTC. Hive is a mining company that mines cryptocurrency. The issue is that they mine ETH...which is headed for proof of stake. Hoping they mine a ton and just stake it as a strategy. Only the future will tell, and keeping it small just in case.
HIVE Blockchain 5 year Cup & Handle Breakout!5 years in the making, will most likely jump to $5 and see a bit of resistance before heading to ATH of 6.8 or so and maybe have a 20% correction from there but ultimately consolidate up there until the next leg up to $10.
HIVE blockchains Squeeze - Most shorted stockJim Cramer :
'When i had an hedge fund and i wanted to short a stock, i would use 10 to 15 millions to push down sentiment. Sentiment is all we have today.
When i would see a buyer coming i would sell big against him quickly to kill the sentiment.'
Hello everyone!!
This stock is set to become the biggest public blockchains crypto mining company surpassing RIOT and others concurrents.
This stock will get squeeze to at least 20$ . 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!
HIVE Blockchain Bullish $4 CAD Short Term Price TargetAssuming BTC keeps its momentum going into tomorrow morning, HIVE.VN is set to have a very big day and week next week. Sitting dead nuts on top of this trendline poised for a massive breakout to the upside. HIVE remains the most profitable miner in the space, with far less market cap than some of its competitors. This is an easy long here.
HIVE in Toronto will explode, broke the Pitch Fork yesterdayHIVE in Toronto will explode, broke the Pitch Fork yesterday, $7.21 is the target for the next pitchfork
