Hi everyone i want to introduce myself first im Taradraz i am almost a year into the crypto world, i have been studying the market for some months and i want to share some thoghts.
I want to start saying that i like to take a decision that means i want to know at the current momment if i want to buy, sell, hold ,etc. There is a lot of content where they proyect 2 situations or 3, it's correct that we need to know all the possibilities, but at the end if we want to trade, we need to take a decision, so at the end i will say what is my final opinion in the momment.
PD: For holders there is a lot of info for trading, the only thing you need to see if you are a holder is the weekly chart
Ok lets start then.
I will just share the pics of the HIVE token but its the same projection for both, we all know that all the crypto market follows BTC, if there is interest i can add both and explain a bit more about each one.
First i want to analyze the weekly HIVE chart
Ok so first what is the white line, when the price started going down i projected the lowest price hive can maintain and still be bullish in a weekly chart. There is still time for HIVE to go up in this temporality.
The price going down the white line doesn´t mean anything alone, we need to take in account the time and also its just statistics.
Now i want to see the daily chart so we can se if there is any possibility to trade
I want to be fast, my opinion is that the price will at least go to the median in a daily chart, at least the price will stop going down.
If you want to trade the pattern well if the price doesn´t go up to the median in 10-15 days and just stays there then my opinion is that we will go again to BTC 27k and hive 0.40 in the next move, but im going to much into the future, i like to project 1 movement at a time.
If you bought in 0.90 or more i think you will have a chance to get a better price if you want to sell or take some decisions.
In a daily chart we are still bearish after this next bullish movement, we need to see the market in a few days and see what happened with the price and how is the time for the Token.
Thats all! hope it can help
Thanks so much.
Thank you, very useful information, I share your thoughts on BTC in 27K again, so I will probably wait to accumulate more HIVE tokens.
I would love reading your analysis about BTC as well.
TOTALLY BULLISHHH
niceee 😋
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