*this is a meme 😜
What a week it's been with the HIVE break out from the ascending triangle pattern. It seems every time I check, HIVE is up a few more cents. It was at .62 and climbing recently and I must admit it's getting a bit alarming.
Indicators are still screaming Buy HIVE....
*src: https://hivewhat.com/charts
We are officially in un-charted territory. The opening day pump can be discounted from almost all charts and that means we have zero resistance. The up-side potential in this market and coming post-Bitcoin-halving market (yeah, it will likely take months before the halving takes effect as smaller miners are already selling) and that means potentially months more of this volatility.
For those who are new to these pumps, please be careful. Take profits and power-up accumulated HIVE when opportunities arise. Do not assume HIVE will keep rocketing to $1, then $10... oh how much I wish it does. That would secure every one of us early adopters a solid future stake in our blockchain.
Am I trading HIVE? Hell yeah!
Should everyone trade? Definitely not.
If you are not an experienced day-trader (I'm no pro but have been doing this since .com penny stocks were kl), I suggest hodling on the sidelines and creating epic content to earn HIVE long term. This bull run may soon become a full fledged bull market, and the potential gains from powering up and posting are now greater than ever.
I remember watching videos 2 years ago about the first content creators on Steem making a killing, well those days are almost back on Hive. With all the new interest we may be teetering on a decentralized social media renaissance.
Let's make the best of it!
Peace ✌️
PS: There's about 9 exchanges listing Hive now but if you're onboarding I suggest joining @Bittrex. The referral program is awesome and works great when explaining to friends how to cash out or trade liquid Hive. You earn each time a referral makes a trade. If interested, please sign-up with my referral link: https://bit.ly/JoinBITTREX
*This post was shared on on Twitter here:
https://twitter.com/DonaldPorterJM/status/1254290919421067267
- DonaldPorterJM