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Posts | 4727 |
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Alias Born | 05/10/2004 |
Saturday, November 25, 2017 4:39:26 PM
Technical analysis works. It will always work. Volume is the key but other T/A tools work together with volume.
As for HIVE.V right now, it has too little volume to algo trade right now, so anyone trying to sell anyone else on the idea that only volume in isolation works, or that T/A is a waste of time.... anything along those lines is selling you a plugged nickle. Thats both my experience as an algo code jockey and its my "seasoned trader's" opinion. But whether someone agrees is irrelevant to me.
I post against such bad ideas in hopes that there will be some people who are open to these things. What I benefit from is stuff like the guy who gave me stockcharts.com as a source of short interest data, which happened on this blog thread a couple of days ago.
And so I do the same by telling complete strangers what I've discovered to be helpful. Fight bad ideas and try to be helpful. Thats what its all about, not ego or opinions.
Now about what I think HIVE,V will do. My OPINION, LOL.
HIVE.V should soar for 3 reasons:
1. Financials probably report this week (an assumption based on the last financial report, which was on Aug 28th). And, unless this is a scam and Genesis did not sell then producing mining operations, the fact is that there should be some income. So, with other little crypto stocks that have no existing operations soaring, it follows that HIVE.V having income will matter a lot.
2.) The inclusion of HIVE.V in a bitcoin ETF, however small the ETF company is, is major. It matters to be the "firstest with the mostest".
3.) There is a futures product that will begin trading Dec 11 and this makes HIVE.V worthy of attention because of points 1 & 2, above
Between these 3 things, and the general ZOOM in anything crypto, this puppy should soar. To figure out when this will happen, you need to use t/a.... but then, that falls on deaf ears with some folks, so....
Whatever.
:o)
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."
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