Replies to post #582 on HIVE Blockchain Technologies Ltd (HIVE)

[nlightn]

my WAG would be,... the warrants holders. when the deal between Leela Gold and HIVE was initiated. possibly some are unwinding there shares.

but,...i really don't know.

i don't think its weak hands,...this seems more intentional. steady collecting balancing out the sells.

[Imperial Whazoo]

Thats the fundalmental traders question, isn't it? I mean, why do Fib numbers work at the 618 or 382? Why do gaps get filled?

I favor the theory that volume is the tell. Problem with thin days like today is that its easy to push stocks around on thin market days. So.... PRELF volitility high an gap gets filled or volatility low and resistance line holds? Watch the volume and in particular, watch where it happens. Wish we couls see short positions in something resemblin real time.

BTW... as of this minute, Bloomberg is talking about crypto's right now & the gist of it is that the floodgates of mainstream cred will open once the futures contracts get goiong. The panel weighed in that ETFs will follow & then, mainstreamed recognition of cryptos.

And guess who is reportedly going to "speculate" publicly about BoA entering the bitcoin futures game? Good ole "I'd fire any trader of ours who trades bitcoins" Jamie Dimon! Can anyone say "I like eating crow".

Imperial Whazoo