Last week was a good week for Hive, it seems the momentum is still here for now, trading volume is very good, highest since the trading of Hive launched, peak price of 0.42$ is not bad, but how long can this be sustained before we see one large pullback I wonder.
Bitcoin is on a tear but there is also weakness in it's price action lately, there are too many green candles for Bitcoin to continue this run without large pullbacks. Of course the whole crypto market is 100% connected with Bitcoin bull runs and inevitable crash is coming, be extremely satisfied if your coin went 20x and you should start to preserve those gains no matter what your coin is and how attached you are to it (eth, hive, cardano, uniswap, leo..), if you want to hodl those coins long term then you don't need to pay attention to this.
There are few stages of Bitcoin bull markets, first when it starts to rise all altcoins will bottom out, second stage is when Bitcoin stays on new all time highs for around 2 months, during those 2 months the money will start to flow into altcoins, third stage is when Bitcoin crashes and completely eradicates the gains altcoins made in that short period of time. I think we are in the limits of stage 2 right now. The crash is imminent, so I fully expect to see the price of Hive to go down when BTC crashes, probably 50% or more.
Red flags are all over the place, when you see shitcoins like Doge and Steem to go up high like they did there must be an opposite and equally as strong correction. It seems the market is still strong in alts, but that's just a smokescreen that can change in one day drastically if Bitcoin crashes. Btc never stayed more than 2 months on it's all time high, will this time be different, we shall find this out very soon, 2 months time is close.
This post might save your ass or you will buyback higher, like always be smart and don't listen to anyone but yourself.
I don't care what the price of Hive is short term, I just want to see us pass Steem and stay above. We deserve that win.
Suddenly Hive is 4x more expensive and if you haven't held through hell it will be hard ever jump in on such a low price, that's the nature of markets, in one day it will pass you by (in both ways).
