The reason why I'm still buying this hive even if the price is going down is because I think this is an opportunity. An opportunity to buy more hive and make more hive power while the price is low.
As you can see, after the big rally with big volume, there's always a deep pullback. [The circled on the image are the pullbacks while the rectangled are the rallies].
This is the time to buy more or to wait until the price starts another accumulation. The main indicator for this are the price and the volume. As you can see on the image, every rally corresponds with big volume and every pullback shows a low volume. That means that there's more people buying hive and power it up as hive power or just hold it for the trade.
Low volume on pullback means there's not much more people to wants to buy as of the moment on this level. why? because they want to buy on a good level to accumulate more hive. Or they want to buy on a higher level to make sure that the hive price will continue its trend.
Low volume also indicates that even though there's not much buyer on this time, it also means that there's not much seller. So it means that many people are currently holding on their position.
As for me, as I am betting on long term or mid term. I'm still buying on every pullback and add more Hive or Hive power.
Let's follow this price action and let's see what will Hive do in the future.
If you like my post, please follow me so you can read my future post on your news feed or rather friends feed (lol) about this Hive price update.
Happy investing! :)
