Don’t think you are the only one seeing both Hive and LEO prices declining. In short, I saw both $0.199 and $0.099 respectively yesterday. And yes, yesterday was just the first of September.
Can my friends market predictions not just be accurate but fast enough? I wrote something close to this about how a friend of mine was panicking. He never took profit in a crypto investment he had put in some bucks and the market died completely in August. He feared that it would get worse in September.
According to him, September is always an ALL round red market. Red or green candles, I am all in for any pending opportunities surrounding it.
You know the rules; buy the dip and hold long enough. Don't think I am the only one planning this, many Hive faithfuls are holding the bags just to enter at that appointed moment.
Screenshot from coinmarketcap
Hive just broke a long time stamina position and I feel some holders may leak the bag a little. Not actually as a take profit but to enter in a much dipped position. Is there any advantage to that? Of course, more Hive tokens to your custody.
More Hive tokens equals more rewards when you know where and where to delegate them to for daily rewards. It has been that bearish last 30 days with every strive to push a little upwards has been annulled.
From the market chart from coinmarketcap, it has been one battle. Can the recent Leo price pump have shifted users' attention to accumulating more Leo and dumping Hive? You know, everyone has his strategy of getting more.
You should be used to the ‘herds mentality’ by NOW. If this be the case, then it means we are likely to see a quick reverse before the month runs out.
Leo is correcting and the sort traders in-between will also want to have their hands on Hive especially as it gets back to below $0.20 cents.
Screenshot from coinmarketcap
Anyone who has been in this ecosystem for a while knows that this is indeed one good opportunity. Looking from that one year chart above you can see what I am saying here. The lowest Hive had gone in the last calendar year is $0.1655 cents according to coinmarketcap.
Ok, I did follow up the internal (decentralized exchange rates) when Hive dipped around November of last year and it went to $0.15. So there is a $0.01 cent difference between this two markets.
I will be working with the DEX, I have always observed Hive has a strong resilience at $0.15 cents. Something I saw play out really well last year. The worse Hive market performance came at 2020 when it was trading around $0.10.
The surprising part from research is that Hive has not always stayed below $0.1 mark for upto three months. I saw it happen twice in 2020 according to my study chart and it has always rebounded within five months with at least 100% returns.
The scenarios of the 2020 event say Hive rallying from a decline of $0.1 in the period between September to December of 2020 to even new all-time high of above $2 dollars. The recovery to $0.2 cents was in February of the next year. It seems September has this red mentality indeed.
It was even the same last year. It is a market behavior that is worth monitoring. By September last year, Hive started dipped to $0.15 dollar in the succeeding months after breaking loose from a stamina position of $0.2 of August.
Maybe we are going to see another good market Circle playing out. Where did the Hive price rise to? I think it reached $0.45 from internal exchanges.
To conclude, let me add, an exact behavior is just happening. Last year gave out a minimum of 250% market bounce back in terms of dollar price. Maybe it's that time of the year where investors stack for green coming months. M
aybe we are going to see a green market candle in December. As I will always say, there is nothing much to lose if there is any, keep buying the dip, aside from even waiting on the dollar price, the advantage is holding on to more Hive on the long run.
Hive was once $2.5 dollars, do we think it will never get back to this price at some point. I feel a five year market circle should manifest this. Who knows it can even be next year
Posted Using INLEO