Direct from the desk of Dane Williams.
Did you guys notice that HIVE was ripping yesterday?
Take a look at the daily chart below.
HIVE/USD Daily:
Wait... That is the rip?
I guess it beats the bearish, HIVE descending triangle break that we highlighted the last time that we spoke about HIVE.
While bullish price action is obviously nice, I'm not taking a whole lot of notice myself.
HIVE and STEEM
Right now for me, price action doesn't mean a whole lot from a longer term investment in the platform perspective. I mean with the price of HIVE still tracking STEEM, there's obviously bigger factors at play here.
There's just no way that a free, healthy market would price STEEM at the same price as HIVE. Especially with Steemit beginning a 3 week powerdown to obviously dump on whoever stuck around.
For this reason, I'm just happy to keep stacking and establishing myself as a part of the growing HIVE and LeoFinnce communities.
Best of probabilities to you,
Dane.
FOREX BROKR | Hive Blog
Higher time frame market analysis.