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HIVE DIGITAL TECHNOLOGIES LTDHIVE DIGITAL TECHNOLOGIES LTDHIVE DIGITAL TECHNOLOGIES LTD

HIVE DIGITAL TECHNOLOGIES LTD

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HIVE trade ideas

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.
TSXV:HIVELong
by ScotianBot
5
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
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.
TSXV:HIVELong
by JJMa
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.
TSXV:HIVELong
by ScotianBot
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.
TSXV:HIVE
by JJMa
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!
TSXV:HIVELong
by sevensphere
22