When to buy HIVE
The price of $HIVE has been dumping unending. This is, however, a good thing for people that want to invest.
I have been an ardent user of Fibonnaci retracement and I know it works.
However, this is based on some of principles, one of which is buying an asset at the 0.618 or 0.786 Fib numbers.
I watched as $HIVE bounce on the touch of the 0.786 Fib number, this is commendable.
https://www.tradingview.com/x/D2s7viOk/
What I am watching is that $HIVE needs to come back to retest the 0.786, without breaking that low. A lower retest and a bounce will show that $HIVE is forming a bottom at that level, and that there are whales ready to defend the price at that level.
Therefore, I will be wacthing it closely as usual and will be putting my bid at comfortable price range.
Note: Pls dont chase pump, you might walk into a trap.
Have great week friends.
This is an important Fibonacci retracement level. Let's wait and see what happns.
yes, we hope it makes us all happy
Most of the time, I set buy limits strategically at Fibo points
thats the way to go
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This is nice. For any coin I am trading. I always love buying when it dumps than when there is a pum
Curated for #lassecash tribe
that is the way to go. buy low and sell high.
Hey pretty cool! I've been trading for almost 20 years and as of a few days ago, I decided to do a daily tech analysis post on HIVE. My tools of analysis are a little different than your and combined we may have some incredible insights. Right now I see the price searching for a bottom in the .30-.35 cent range. Have a great day! -Dan
Hello, nice to know. I mostly based my TA with BTC pairs (hivebtc). Since it helps to accumulate btc and also buy more hive cheaper. I like your method,the trend line idea. Hopefully that range will be the bottom.
Thanks man. Glad you like how I see things.