Golden Cross on Hive. Is there a massive pump cooking? 馃

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There's been a lot of expectations buzzing on social media concerning the next bull run, massive pumps and dumps on the road to a new All Time High. Most of these talks focus more on #BTC and other Alts. But recently I found something interesting on Twitter. One of those amazing people on twitter who I follow ( edicted@edicted) and respect kept talking about this golden cross and I couldn't resist but to look at it. In this post. I'll talk about what I found- my fears and what excites me. It's up to you to do whatever you like in the end. This is not a financial advise. Do your own research before you YOLO your cash. Thank you.

  • What Excites me

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In this chart, the cross that you're seeing is a cross between the 50days Moving average and the 100days moving average. Which is major seeing that #Hive has just few past information on the charts. We forked out from #STEEM less than 3yrs ago( February-March 2020). The first time we had this cross on #Hive was Wednesday January 27 2021

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What followed were massive god candles. Busting from around 12 Cents to way above $1. Even the Stochastic RSI on the daily chart looks very identical with today's chart.

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The question is, will History repeat itself? If it does, then there's nothing stopping #HIVE from reaching at least $2.6 before Christmas.

  • My fears

Like every other cryptocurrency out there, everything follows #BTC. It dictates every move for Alts. I made a concise post about the critical position BTC is in at the moment here.,

Also on larger timeframe, there are other concerning issues. One of which is this

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Weekly Stochastic RSI shows we're losing momentum. We might see a significant dip soon. Perhaps to our resistance level at 36-38 cents. Which is a healthy馃檪 move looking at the potential if this pumps in the end as expected.

In conclusion... If #BTC doesn't mess things up this week or next. We might be in for a massive recovery. With regarding #BTC messing up, I'm 57% sure it won't. This is not financial advise. Just sticking to the facts in the chart. Do have a great week ahead. I'll catch you on the next one.
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Golden Cross on Hive. Is there a massive pump cooking? 馃 | Ecency