In the crypto market, only trading, analysis, and other indicators are not enough for success but there are some other things which you must look. Keeping history in mind and checking a coin’s history chart again and again can be very useful. Past history is always an idea for the future. From this, you can guess the trend of that coin which surely helps you a lot in investment and trading.
Like Hive coin, it is a pumping coin and many investors keep this coin in their watchlist. You may have noticed that sometimes on #Binance its APR goes above 50%. Why is that? The main reason is increase of funding fees and many investors entering into this coin. The more demand the higher the APR goes and that is the case in Binance.
Hɪᴠᴇ Cᴏɪɴ — Sᴘɪᴋᴇs, Sʜᴏʀᴛs & Tʜᴇ Rᴇᴀʟ Pᴜᴍᴘ Dʀɪᴠᴇʀs
You may have noticed that when Hive price starts pumping, in only 15 to 30 minutes it pumps 15–20% and then very quickly cools down. The big reason is outside investors entering, and when coin reaches peak, they open short position from there. Meaning, they take profit from both sides. They are only traders using this coin but why we dont?
When earlier #Binance did not list #HIVE in futures, after pump its price did not fall so quickly. But now, because it is listed in futures market, short traders also become active and price starts dipping fast.
Hive price will not fall until real buyers come. Who are they? Hive investors or whales. When these people start real buying, then price will go much higher and all short sellers will get liquidated. That will be the real pump as we witness 3 years back when the price of #hive keeps on rising until makes an all time high of $3
To all Hive users, I will say we are lucky to have such a coin which not only works in the ecosystem but also provides a great chance for trading. I will share one strategy which is surely beneficial and has no chance of loss.
Hɪᴠᴇ Tʀᴀᴅɪɴɢ Sᴛʀᴀᴛᴇɢʏ — Hᴏᴡ Tᴏ Cᴀᴛᴄʜ Tʜᴇ Sᴘɪᴋᴇ
#Hive is a pumping and dumping coin. To take full benefit, keep checking its chart on #tradingview. Past performance helps a lot. Like in 1D chart it shows that almost every month there is one spike. And the good thing is that every spike is above 10%. Meaning, you can easily earn 10% in a month if you can properly trace Hive price.
Looking at Hive past performance and last few months candles, one thing is clear: almost every month there is 1 spike. First spike was 18% pump, then after around 30–35 days second spike came, again 18%. Then after 30 days another pump came, 10%. Then after 20 days another pump, 12%.
Now almost 2 months have passed but no spike has happened yet. From this we get idea that very soon a spike is expected and we must be ready. If you can handle risk then you can buy at this price $0.175 and hold. Surely from 10% pump you will get good profit.
But if you want to enter at the time of pump, then you have to follow some steps. First, keep an eye on Korean exchanges #UPbit and #HTX (Huobi), because mostly pumps start from these exchanges. How to watch? Keep checking HIVE / KRW pair, and when volume starts increasing then take entry.
For more confirmation, keep checking HUOBI and #BINANCE exchange #HIVE/USDT pair. When volume starts coming, confirm your entry and wait for good spike. Sometimes pump is small, so for profit booking put sell order of 50% amount at 5% profit, and remaining amount when pump reaches 10% then sell it.
As per my idea and experience, maybe this week we will see a spike. I am not giving financial advice but only sharing my thoughts. So, if possible, buy and wait for the pump.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
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