Despite The Huge Bitcoin Dump, HIVE Still Respected Key Support.
4 days ago I made a post about HIVE hitting a new all-time-high at $1.13 since the dump in June.
In that post predicted the Hive will correct back to the key support at $0.7174, before it will pump back up.
so nobody expect the huge Bitcoin Dump yesterday, actually everyone was expecting a huge pump because of the El Salvador news of making Bitcoin a legal tender, but instead there was a huge Bitcoin dump in the market, and all coins including HIVE was affected.
And this triggered the huge correct back to the key support but didn't break it, it got to the support and dipped beyond it, but didn't close below it, price got rejected twice and the support held nicely as predicted.
I'm expecting a pump back up, if Bitcoin doesn't dip further, because Bitcoin is a major contributing factor in the crypto market. I will be giving more update on HIVE progress as the market unfold.
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Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
@tipu curate
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Thank you 🙌🏼
Thank you 😊
Do you think use cases of some coins made some supports stronger? I may be biased but besides ETH which has gas fee issues to me it seemed that only the overly hyped ones and the actually used ones stood better.
Also a BTC dip down to the 42k zone was expected yes but probably following a retest of the resistance first.
It was odd. The exchange that crashed exactly in that moment. The usual issues with stop loss not triggering on Binance. This dip made me rethink of my trading positions in this Crypto run. A bit too much greed. I think I'm gonna shift even more towards accumulation and usage. But again I may be a bit biased.
I expected BTC to retest either the support at $50k or $46k, I never expected it to drop that fast and for it to get to 42k.
Now I think is going too go side ways a bit, then it might retest the 42k level the pump back up. But I all still bullish on BTC and bought the dip a little 😊.
Sure I got some extra btc myself after the dip and I am bullish for the next months but some things that happen are odd. I expected a dip as low as 42k but next week or something that...like... Gradually.
What I also meant is that in these runs it seems dangerous to play on supports and resistances. It's really strange that the n1 bitcoin exchange has a crash exactly in that crucial moment (things that already happened earlier this year) on the day of the El Salvador announcement. It's odd that there are always coincidences 🤣
I get your point, the dump was fast and really large, it was like a crazy stop hunt in my opinion.
Don't know if you noticed, HIVE didn't fall like all other coins, that where I said the dump triggered the retest to the former resistance turned support. And if you look at the chart (4 hours & daily) the support was tested twice and both times price never close below it.
Yes I noticed that Hive and few others did well on the supports. That was good.
Yeah
Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism