INTRODUCTION
Good day hivians and other readers, this is a sub article of this UNVEILING THE HIVE, if you haven’t read it you should as it gives an overview of technical analysis and how it works, it also went further to express it as a language investors use to predict the future value of an asset which can be viewed in a chart (Japanese candlestick). To dive into integrating technical analysis into hive finance let look at the various ways to maximize your income on hive from buying and selling hive, and each instance will contain the integration of technical analysis.
BUYING HIVE
Most of you will get the idea, while some might get confused; it will take your keen observation skills here. There are 2 ways of buying hive as an investor, buying the asset and actually holding it and then letting your broker buy it and hold it, you may ask what the difference is; it’s simply the way the transaction goes, with a broker you set a specific price to sell off regardless of you being online or not, the other you have to be online to sell.
The important question is here is how to get the best buy deal you can get?, let’s say you plan on investing in hive or the blockchain to start posting or holding to a specific level, you will likely want to get it at the least cost possible to reduce investment risk, now technical analysis will show you the likely movement of hive in various timeframes, even terms of years and also a reasonable place to enter to enjoy profit (totally depends on how well you learnt) this will help take advantages of fluctuations in price.
You might ask it's buying already why buy what's my assurance it will keep on going up; a quick tip to know is charts reflects companies or cryptos performance and as such a wider overview will show the moves price will make in a longer term, it all depends on the logic you follow like buying at a certain price which seems to be a high on the 4 hours timeframe but in the monthly timeframe it hasn't still gotten high enough, you gain. Two ways to gain is first; selling off at the possibly highest point on the monthly timeframe, secondly; selling your hive proceeds from blogging as it gets to that highest point or any other highest point your comfortable with (if you can't wait for months to sell).
SELLING HIVE
It's simply just the opposite of the above and that wouldn't require much explanation, just read the above and exchange highest for lowest and buy for sell, that will do alot for you.
OTHER SOURCES OF INCOME OPENED TO KNOWING TECHNICAL ANALYSIS
There are various sources out there I will be sharing the ones I'm acquainted with you can do your own research;
Stock trading: you can easily fit into this occupation with ease as most stocks enlisted can be traded with technical analysis and this can be a new source of income for you.
Forex trading: technical analysis is widely known to be used by this set of people, you can also venture here.
CONCLUSION
I do know that's not what you wanted to see (Conclusion), but my coming back to hive is to ensure quality and readable content which means my articles won't be long as a course itself, instead it will be a navigation to get a course or a framework you can rely on. This article is the ending for now unless more on technical analysis is requested, learning technical analysis alone can be used to just look at how hive has acted over the years and how management(you and I)has reacted to various threatening situations.
More article on finance will be posted by me so do well to follow my post by placing a notification to see my posts as they contain key points to boost your current source of income hive or any other, or to add another source of income, the others won't be related to finance. The next post is how to Generate investment funds: Introducing emergency fund, also a feedback to continue on technical analysis will be needed to continue other technical analysis article. All engagements and shares is fully encouraged and appreciated.