HIVE Stock Vs. Crypto ValuesIt is my hypothesis that HIVE Blockchain stock value is intrinsically linked to the ebb and flow of the crypto market itself. Here is a rudimentary analysis showing the correlation of the two.
HIVE trade ideas
Bullish Up Wave 5 and Inverted H&SSeems we will be going up to wave 5 as per the shown targets. Also Fib levels show the same in confluence. Moreover, there is an inverted head and shoulders pattern potentially forming.
I am not a financial advisor and this is not financial advice. It is merely a potential or opinion. Invest at your own risk and do your own research.
Bullish Up Wave 5 and Inverted H&SSeems we will be going up to wave 5 as per the shown targets. Also Fib levels show the same in confluence. Moreover, there is an inverted head and shoulders pattern potentially forming.
I am not a financial advisor and this is not financial advice. It is merely a potential or opinion. Invest at your own risk and do your own research.
Decision TimeAs you can see shapes and trend lines are constantly being adjusted based on price action and perhaps phycological factors play a role, creating and image that you want to see. It is important, to block out external noises, removing limiting emotions and focus on what the facts are on the chart. Enough of the dribble, Hive is nearing the apex of this wedge / converging trend lines . I figure it would take rough seven days to reach the tip of the apex and I have identified the possible routes. Obviously it could do anything but the green route makes sense if the market is truly bullish on Hive. What tends to happen when it does get this close to the apex it breaks out with very little energy and consolidates for a while before making a decisive move, which could be up or down. By the end of next week HIVE should reveal possible mood for rest of May and perhaps the summer.
Hive next target according to Fibonacci circles and Pitchfork, iHive next target according to Fibonacci circles and Pitchfork, if it breaks $5,it can be a wild ride up to 78$
Bear is in full forceAs ETH takes full control of $3500, ETC is on a crazy run and it is very profitable to mine BTC at $40,000, I would like to present you Hive that is clearly in a downward channel. Hive needs to hold the 200 EMA and if it does not the probability of the 365 EMA increases. It makes sense, it will inflict the most pain on the retail investor, even those that bought at $4.75. Nothing is impossible in the markets especially in the TSXV, which is ran by funds and banks.
Bullish Flag or Descending Triangle for Hive?Hive appears to have consolidated into a GIANT Bullish Flag or Descending Triangle pattern.
The horizontal baseline of the pattern has acted as support numerous times, and this specific price range has a lot of confluence dating back to early January of this year when it acted as a ceiling resistance before Hive sliced through it like butter surging over $7.00 CAD before selling off.
I have placed green upward arrows displaying three separate support bounces off the horizontal baseline of the pattern formation and red downward pointing arrows where the horizontal it once acted as resistance, inherently bullish considering this same price range has confluence dating back to Nov 2017 and it was acted as resistance back then..
Bullish cross on the KST where I have placed the downward pointing finger.
The DMI is displaying a Bullish twist where I've placed the blue upward pointing finger.
$8.00 CAD price target which is the extension target of this pattern if it plays out bullishly.
Long term outlookProviding a quick update looking at the 6 day time frame. First, it is really important to eliminate the noise that exist with everything associated with hive or you will be frustrated, especially if you have a short term hodl window. That is why I present the 6 day time frame , which is showing the bullish trend is still intact. I have highlighted some key facts that currently support this view. Obviously things can change and I will update later this week.
Potential BreakoutThat was a nice pop and it does look like it could carry through and be the breakout. Everything is on the chart and I most likely made an error with my Elliot wave. Final Note, I do not short Hive and only do long swing trades, just easier and safer with hive. Plus I have a decent size position so I rather it go up then down and today was good. The indicator on the bottom is the Paraeye by kingstevieb and it is good for confirming breakouts, tops and bottoms.
Heading Towards Capitulation?I used capitulation in the title because it does appear that will be the objective of this correction. Big brother seems to be content on bring the most pain to the retail investor that bought at $2 or higher. In addition, they know that everyone is buying the dips and averaging down and will try to squeeze every penny from you. Everything is indicating that there is still at least one more major drop and there could be more based on historical price action. Summer is just about here and BTC is always bearish during the summer , until beginning of August. I will post when i see a bottom. Keep thing is perspective and tamper your expectations.
Downward channel in a bull marketI expect a pop tomorrow and at least a move to the trend line. As some are aware, Hive follows BTC, which I assume is easier for Big Brother and their desires. Funny how Law makers are quick to identify the need for regulation and how it protects the investor from Bitcoin and the crypto market; however, you have crypto stock on an a half-ass regulated exchange, which has price action that does not reflect the companies actual mining allocation. It's like pricing a gold miner based solely on copper prices. As long as someone is getting rich all is good I guess.
Hive to 4.50 According to my analysis this going up to is resistance which is around 4.5$. Do like this post if you guys think same. Thankyou
Trend Reversal?I have identified a few options that could playout for hive. It appears hive is in a falling wedge , which appears more bullish then bear. Notice that 3.20 has not been violated, not even touched during the three dumps, could be bullish or big brother playing games but still at this time fame it is important information to build the bullish trend reversal. The only note is that all miners seem to be following the same price action, it will be interesting to see if there is a decoupling of any one miner to lead the pack.
3 hour time frame
HIVE Blockchains Squeeze - again and againNothing changed!
TY to every one who are pushing the sell button!!
You took all the risk off that trade!! Its sad you don't understand what i mean..
Wanna play?
(ETH to 10k...)
Bearish pressure continues The correction will continue and it could drop into the red box or it could consolidate in the area that the price is currently.
Weekly chart - The green and white energy are below 50, indicates bearish pressure continues, which can be a drop or consolidation. Note that the green line and white energy can do a shallow drop and start heading up.
Well, that's that!!HIVE has just broken downwards from a massive consolidating triangle which is a shame. Support could come in many places but a spike followed by a lower high followed by a fall I think means for the foreseeable future there is going to be a leveling out or rounded bottom before going back up (possibly a cup-and-handle pattern).
HIVE is in a Triangle formationAfter the bitcoin dump on the weekend, it looks like HIVE is in a triangle formation.
Is the Hive still buzzing?3 day Time Frame (TF) shows that we have completed the A and B and are in the process of laying out C leg. The Phoenix Indicator is showing similar pattern compared to 2018. The Phoenix is great for trend change, managing the trade and also following Elliot wave so when I say similar pattern this is the pattern for most ABC corrections. I have identified what I believe are key support zones and some will be test during this correction. I feel 3.80 for me would indicate very bullish if held but 3.30 is important since it demonstrated strong location of buyers. This is the difference in price action that was not present in 2018, people willing to by the dips and I do not see that stopping unless something unfortunate happens. Will have a better idea once the C leg nears completion if bearish trend will continue.
Weekly TF - Probably know by the end of this week if the trend is going to reverse or is downward pressure going to continue.
Weekly TF - Once the Green line crosses the red line that is heading down indicates increased bearish pressure.
Simple swing trade strategyThis is based on the 45 minutes, which provides reliable trigger for trades, with the use of a stop loss. This Swing trade usually runs for about 1-2 days but of course that varies. Identify targets based on support and resistance as I have done in my previous posts. All elements identified on the chart must be confluent: the MACD and histogram (I prefer it as columns in tradingview) indicate possible trend reversal – this example it is bullish breakout. The heikin Ashi candle sequence indicates possible trend reversal. The 17 EMA dots are tightening (when zoomed out) and the 2-6 EMA have crossed and had a successful test with a green candle. The cross alone is not sufficient to take the trade, there needs to be a positive test of the EMA. I believe there are five elements that are confluent so that is enough to take the trade, with a stop loss:
1. Candle formation
2. EMA cross and test
3. 17 EMA tightening
4. Cross of Signal and MACD
5. Histogram cross of 0 line on MACD
6. Always confirm support and resistance-don't short support and long resistance.
Zoom out to see the 17 EMA Tighten, indicating something is up
