Hive breaks below $0.50 threshold. Loading up for the next big UP!
Nine days ago, I posted that HIVE Danced Near the $0.50 line and then rebounded nicely.
I have my first buy point at $0.486 on Bittrex and so the trigger was pulled yesterday, September 18.
I have a second buy point at $0.42. I don't think we will see that happen, but it might. When reviewing the 14 day chart, there was a steady incline to the mid $0.55s which held, until the sudden drop yesterday.
The correlation of Hive price is often in relation to Bitcoin.
The pattern is very similar, but Hive tends to have a little less volatility. Hive doesn't rocket as quickly or drop as deeply.
I have two strategies for Hive. One is buy and hold internally. This allows me to support the community and help others through curation. Also, my internal holdings is beneficial because I am stacking Leo now. Curation is paying returns in two coins!
My second strategy is trading on an external market. My buy points are below $0.50 with sell points higher than $0.75. August was my first month of following this strategy and it worked out well. We will see how September performs.
What are your strategies and best successes in Hive investing?
I appreciate feedback. Are there any flaws in my strategies?