HIVE Blockchain Technologies Ltd (HIVE)

[Imperial Whazoo]

I don't know anything about any of the principals so all I do is watch the volume on the charts. I call the volume histogram at the bottom of my candlestick charts "volume chatter". When it increases and price bottoms, turning up, the chatter says there are buyers. When the opposite is true, it is sellers.

Depending on the trading volume of a stock and on the volatility, you can use any chart period that works to pull out a clear picture. Sometime it's 1 minute. Other times 3 minutes. Or 5 or 10 minute and so on.

For this stock, I've found that 15 minutes & 26 minutes work well (There are 390 minutes in a trading day, do 15 minutes has 26 periods in it & 26 minutes has 15 periods in it). The 26 minute showed a clear hammer bottom on the 6th at 10:40 AM & the 15 minute showed a star/doji/quasi-hammer bottom on VERY telling volume at 9:45 AM on the 8th.

Those told me that the probes for bottom had spotted a bottom that was going to hold. The one on the 8th reached 3.05 and guess where the low this morning turned back up? 3.0493. BINGO!

Imperial Whazoo