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HIVEBTC

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.
TSXV:HIVELong
by ScotianBot
1
HIVE-BTC concave bottomGreetings, HIVE is one of the few instruments which barely rose during the summer 2020 alt-season to bitcoin, I even did an idea on it but there was no entry point and the idea was cancelled. It has been in a downtrend all this time, forming a falling wedge, which was broken in January. If you look at the daily or weekly chart, you can see that the price has entered the phase of gaining the position, and the angle of the descending trend has changed and formed a kind of base. Technically, on the daily and weekly chart you can see an arc and we can assume that the concave bottom or the bowl scenario will play out. Also, the volumes of the buyer have finally appeared. On the daily chart, technically we can see the rising LOW prices, and not rising HIGH prices, i.e. an ascending triangle is formed. It is also possible to draw a trend from the last breakout around 650-800 satoshi. When the triangle is broken up, we can say that the price has left the accumulation zone and an uptrend has begun, but in fact the price may keep in a downtrend channel until April, until it crosses the base of the arc and technically the concave bottom pattern will break down. Therefore, the price could easily drop to the bottom of the bowl this should be borne in mind. I will trade this formation if it breaks the triangle up and moves above 550 satoshi, it is also possible that it will give more risky entry point from the bottom of the bowl. Did a similar idea on QTUM. Always use stop loss, and don't use trading leverage greater than x3. A trader should always have tomorrow. If you found the information useful, please like it and subscribe, so as not to miss anything.
by Kirill_Gaitan
1
HIVE/BTCScanning Binance coins that have not pumped, as they seem to be taking turns. HIVE I am familiar with as they forked from STEEM and I got a free bag, nonetheless another shit coin. On the daily, we are seeing a bullish candlestick variation which may hold as support, anything below that this move is invalidated. RSI is building up and getting a cross on the LTF EMAs which I like to use on the weekly, but we haven't had any action on HIVE in a minute so this may be up next. Also to note, if STEEM pumps, this may follow, vice versa.
Long
by Wael613
HIVE Blockchain - What does a bee do when What would a bee do when it saw a pennant about to break out? If you buy Silver and Gold miners, why are you not buying Bitcoin/Ethereum miners? About HIVE blockchain right form their website: HIVE Blockchain Technologies Ltd. is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE owns state-of-the-art green energy-powered data centre facilities in Canada, Sweden and Iceland, which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud. Our deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of crypto-coins.
HLong
by bossmodetrader
HUT - weekly break out with volumeThought I would chart a canadian crypto stock for any canadian followers. Hut 8 Mining Corp. operates as a cryptocurrency mining company in Canada. On the weekly chart, it has broken out with volume last week. The MACD is crossing up as well, 10% short interest. I looked at the HIVE chart as well, but there was some selling friday. Once the Fed approves the stimulus bill, I expect Cryptocurrency and Gold to move up further. Have a great day! Stay Safe!
TSX:HUTLong
by hockeysniper
1
HIVE 🔥Hello dear friends!🧡 While Bitcoin has been sideways for several days, altcoins are giving just excellent results🔥🔥🔥 🧐 Notice how the rising wedge is formed when the market begins making higher highs and higher lows. All of the highs must be in-line so that they can be connected by a trend line. The same goes for the lows. It cannot be considered a valid rising wedge if the highs and lows are not in-line. I would like to pay your attention to some of the cryptocurrencies that have been forming a falling wedge for several months. Tell me, do you trade ALTCOINS / BITCOINS?🤔How are your results? I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
Long
by RocketBomb
7
HIVE/BTC (Testing Major Trendline Support)BITTREX: HIVEBTC -The price is following this descending channel for quite some time now -Every time the price pumps up, it always gets rejected by the trendline resistance -It is now testing the major support trendline -If HIVE can hold this zone, there might be another repeat history -A retest of resistance area up to 2k sat - 2.4k sat -Not financial advice but only a possibility in the midterm **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Thank you! :)
by PolarHusk
15
HIVE/BTC 8H (Binance) Descending channel about to break mid-lineFA: Hive is an hard-fork of Steem that occurred few months ago, it's a DeFi powering DApp ecosystem and also a Staking coin. TA: 20EMA is holding price, I'm expecting mid-line channel to break-out and go for the upper-line, or maybe even break it too. Current Price= 0.00002675 Buy Entry= 0.00002675 - 0.00002525 Take Profit= 0.00003080 |0.00003444 | 0.00004062 Stop Loss= 0.00002120 Risk/Reward= 1:1 | 1:1.76 | 1:3.05 Expected Profit= 18.46% | 32.46% | 56.23% Possible Loss= -18.46% Fib. Retracement= 0.5 | 0.786 | 1.272 Margin Leverage= 1x Estimated Gain-time= 360h
Long
by TradingOn