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RE: Daily Crypto Markets Live Blog: Hive Holding Above 80 Cents (09/5/21)

in LeoFinance4 years ago

lol yeah I liked the price action yesterday of it moving kind of slowly up but there was always a negative pressure on it that kept trickling the price down which seemed a little odd on how it was doing that?

Anyways it just seems like it's in a nose dive now which is pretty much how Hive always plays out. Massive hard really and then an almost equal sell. Retrace back to $0.40- $0.50 levels? it's possible.

Wonder why we can't ever hold though too many very large accounts selling?

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You would have to get with @penguinpablo and all the other collectors of stats on that topic.

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I think it's because people are probably taking profits. While I wasn't here when things started but I think some people didn't appreciate the fact that HIVE dropped down to 11 cents at one point.

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Yes, I also think that is the case...

There are some people powering down at the moment so they might have taken the opportunity to take profits

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