I've watched in agony as the price of hive soared very close to 50 cents and due to my hesitation, I wasn't able to take advantage of the market condition to increase my Hive collection.
My trading strategy is pretty much the reverse of most traders. While others wait for the price to rise, I wait for the price to drop. I sell when the price goes up and then buy again when the price of hive drops.
It's a bit strange as a trading tactics because I'm constantly hoping for the price of hive to drop, rather than pump, like most traders would want. It's not to say I don't want hive to pump but more to do with the current state of the market and the values I predict Hive will fall to.
There's no doubt that Hive is undervalued. However, reality is that it has been trading between 20 and 48 cents in the past couple of months. So, my game plan is to rinse that cycle and come out the other end with plenty hive.
Hive dropped to 23 cents range after I sold at 45 and I got greedy. While hoping for hive to drop even further, I ended up missing the opportunity to rinse the cycle and get more hive.
Well, I'm just going to keep watching the market for now. I know the value will drop below 30 cents eventually and when it does, I'll pounce once again to increase my collection. I intend to rinse this process till further notice. Im
