Followers | 131 |
Posts | 4727 |
Boards Moderated | 0 |
Alias Born | 05/10/2004 |
Wednesday, November 08, 2017 1:30:38 PM
There was no enthusiasm for a price take-down. It failed about 1 hour into the day and using a 5 minute chart, at 9:40, the candle that materialized was a really pronounced hammer.
There was no clear increase in sellers during the attempted take down and the hammer candle effectively hammered in a bottom. Since then, its drifted back up and is holding sideways.
Parallel to this failed take-down attempt, note that Bitcoin prices have broken upside again.
So, I pretty much think there are buyers willing to buy every share that is used to try to stimulate a bear raid.
It looks like people think there is a bright future here. They buy shares eagerly enough to stop a major decline but they hesitate to jump in with a lot of buying because the number of days or weeks they may have to wait for a good profit is an unknown at this point.
So, there is buying on attempted take downs but there is a hesitance to commit too much because the money may end up being dead money for a week to a month. Since bitcoin itself is running, parking money in a dead spot when it could be being used to make money in the fast lane is not favored.
So, unless HIVE comes out with a bit of news, the price probably won't crash, but fast money will go into other Bitcoin opportunities that have more juice in them.
Thats how it looks to me.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
Recent HIVE News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/31/2024 08:20:20 PM
- Crypto: Mining Stocks Eclipse BTC in 2023, Ethereum PoS Revamped by Vitalik Buterin, and Latest Trends • IH Market News • 12/29/2023 02:44:55 AM
- HIVE Digital Announces Closing of $28.75 Million Bought Deal Private Placement Financing to “HODL” Our Bitcoin Production and Expand Green Mining Footprint • GlobeNewswire Inc. • 12/28/2023 02:25:45 PM
- Crypto this Monday: Standard Chartered Tests e-CNY, Cosmos to Launch AtomOne Fork, and More • IH Market News • 11/27/2023 07:38:45 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/13/2023 09:06:53 PM
- Crypto This Wednesday: Aptos Tokens Unlocked, Coinbase Launches Encrypted Messaging Feature, and More • IH Market News • 07/12/2023 05:35:49 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/12/2023 12:05:36 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/10/2023 07:44:04 PM
- Crypto This Monday: 24 CBDCs by 2030, Standard Chartered BTC Price Prediction, and more • IH Market News • 07/10/2023 04:20:49 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/03/2023 07:57:12 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM