HIVE HITTING 60 CENTS MARK // SATURDAY HIVE MARKET COFFEE TALK
Greeting everyone ,
How are you ? I hope you have a good day today that better than yesterday.
HIVE HITTING 60 CENTS MARKS
Last week i have post about my personal HIVE market view analysis READ HERE. I realise my favourite pattern on hive has reveal that might bring hive to get another high . And a today , it was a good news for everyone that HIVE has respect those pattern already hits 60 cents marks today.
Those who realise this movement will taking opportunity by selling their HIVE to USDT like the other trader do. It was a good things for us double our reward on HIVE .
CONGRATULATIONS TO EVERYONE
WHAT HAPPENING ON MARKET NOW ?
Usually there will be 3 possibility happening .
Continuation of buy market - If buying pressure is strong enough , it ll keep continue bullish rally until the sales pressure start showing to repair the market movement .
Long shadow - Respecting the resistance line , selling pressure will bring the market price down again because there was a lot trader taking opportunity in this market .
Sideway movement - Market making sideways movement because the buying and selling pressure is equal .Usually the market will making long sideway movement before its start again by following the trend.
WHAT MOVE THE MARKET
Personally , i still dont know . Usually , alt coin including HIVE will follow the big movement of BTC , but supprisingly BTC market is almost ideal today. I ll let you know if i found out what move HIVE market in my next post.
BAD IMPACT
In other side sudden HIVE bullish movement giving bad impact to most TRIBE token . This is because majority rich list will sell their token to taking opportunity the market. But , not to worry . The market usually will become normal after a few days.
For example those who play hashking , i guess the richlist was selling their BUDS token
The second BAD impact is the HIVE conversion from HBD getting lower. If yesterday you can get 3 hive from 1 HBD , you might only get 2 hive from 1 HBD which is a bad news for HBD holder . Good thing is HBD is always appx 1 USD at all time and you can still hold it as long as you want.
WHAT I DO TO MY AVAILABLE HIVE
I dont have much available HIVE. But i also taking advantages of this market , not to sell it for USDT but to buy crate from @muterra . Because the HIVE values increase , HIVE.SWAP value is also increasing . I only can buy 13 tier one crate if i buy it yesterday . But , today because of this market spike , i getting 27 tier one crate with 45 Swap.hive
For those who didnt know about MUTTERA , it was classic game RPG game which you can play in HIVE ecosystem. If you remember the old school pokemon , the concept is also the same.
FLYING TO THE MOON
Im still looking forward , HIVE market return to it previous glorious high at USD 3 and it has the possibility because the crypto father havent start it movement yet.
Thanks for stopping by , see you in another post.
Posted Using LeoFinance Beta
nice to see the price is going up, but the problem is that it might hinder my HP goal if the price is getting higher. But it is also a chance to gain more HBD saving as we will get more HBD from the post payout.
But I am happy to see where ever the Hive price is going.
Muttera games has not launched just yet isn't it?
Yeah , its still in Alpha version now which can be play but p2e function still being disable .
The game look promising , you can read their white paper here : https://docs.google.com/document/d/1AdQ7vEreD-rONhzflz-o-GkSruKF6c20Sh-8cLFtAHc/edit
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