HIVE.ca (TSX) LONGGreat set up on this blockchain stock. A green close on the weekly here could show signs of trend reversal. $HIVE.ca $GBTC
HIVE trade ideas
HIVE ready for takeoff?Seeing lot's of green shoots in HIVE - We need to break up that blue downward channel to confirm bullish trend change.
Has Bitcoin run it's race?When Amazon shares were $30 and people said it was never going to go higher.
Confuse and divide seems to be the press’ current mandate. The case for and against Bitcoin is so hotly debated world wide. Let’s explore both sides of the coin.
Bitcoin allows people to transfer money without a bank or the swift system. It’s stable and less volatile than the currencies on offer in many of the Third World countries.
If you consider that 75% of the population live in Third World countries. Most of these currencies are basically worthless both in and outside the country. Gold another available alternative currency is not that easy to spend or exchange. Bitcoin is easier to spend then Gold. These people need food, shelter, clothing then a smartphone and they are available for under $50. All these new economies are flocking to buy Bitcoin. People are buying it for a ‘store of value’ or to do business.
Bitcoin reportedly is in a bubble. We can expect a bigger bubble - as people try and save in it and transfer money.
All over the world the printing of money is continuing. Printing currency up by the trillions. “China & Russia may go into a gold backed Yuan & Ruble’ says ‘Doug Casey’ of Caseyresearch. He continues by saying ‘The US dollar is the worlds premier paper currency and it may go back to its intrinsic value zero’.
RISK AVERSE BUT WANT TO GET IN
To speculate on the value that Bitcoin may reach in the future is one of the most difficult things to determine.
Are we for the first time in history going to see a currency not dominated by a single nation with the exclusion of gold or silver? Bitcoin is a 'store of value' but it is also ‘proof of work’. With a mobile phone you can hold the medium of exchange outside of the jurisdiction you are in. In these tumultuous times it’s no mystery that Digital currencies are becoming so popular. If you are not sure how to invest or you are risk averse I've found a decent share called HIVE that may just be your thing to jump on the bandwagon and not sweat about the wild fluctuations of the price of Bitcoin.
6.5 Million shares of HIVE blockchain technologies are owned by a boutique investment firm Galileo Partners Fund. They identify and invest in the most promising small and mid-cap companies - they are known for their contrarian views. HIVE is an infrastructure company that bridges blockchain and cryptocurrencies to traditional capital markets. Essentially its a mining firm.
Currently the share is at $1.40 - 1.38. I see good buying for the long-term in this share and in the short term I’m looking at price heading to $3.90.
HIVE LongsAfter taking the shorts along with rest of crypto sector, HIVE has now reached my buy limit of 1,70 where i now closed all shorts with a hefty profit
15% rise in HIVE?!We have seen over the last few days that bulls have won and the trend has reversed. I expect a steep uptrend for HIVE, expecting it to reach about 3.60-3.80.
TSXV:HIVE may have bottomed (maybe for real this time?)I am long on HIVE now, there are very massive targets on the upside considering the percentage gains of wave (I), this can get anywhere from $60 to $150 depending on how far cryptos rally. First things first, wave (1) of major 3 I am targeting the $6.50 area. If this makes new lows then this count is invalid and will need to be revisited.
TSXV:HIVE May Be BottomedPrice has reached my buy zone and is working on a daily hammer candle. I think longs are good now, with stops under $2.50. Target for this next wave 3 up is very high from 25-30x the $2.60 low, wave 3 could reach $78.
TSXV:HIVE impulse up looks complete I think a 5 up is complete, I am not sure where to measure the FIB starting point, at the $0.30 Private Placement price, or the first day of public trading gap up. For now, I am putting it at 0.30.
Either way, I think the gap at $2.60 is a target. Hive is the largest public mining company in the world.
Enough is enough!?4000% since Jan 2017? Thats too much! We have seen the pump, will we now see the dump?
