Is it getting frosty?
HIVE is down over 50% from the hard peak a week and a half ago, which means it has lost almost all the ground made on it since it over the last six weeks. I have been trading a little through that time, but there are some dangers involved with what was a "set and forget" approach.
I am pretty much always in the market to buy some HIVE and since I wasn't expecting such large spikes, I had set my sells up ages ago around 30-40% above my buys. This means that on November 12th when it spiked up to 0.35, my sells triggered at about 0.26 on average. Oops. Still gains of course based on the buy price.
btw, I finally realised how to see my buy/sell points on Binance... 6 years...
But as you can see, my sell average went up significantly on the last spikes a week and a half ago, as while I didn't meet the peak, my highest sell was in the 0.42s. I started buying back too soon of course, as I normally do, but I have been holding off and resetting my buy points to try and catch the falling knife, though a couple triggered while I was sleeping. I should always remind myself....
We must accept finite disappointment, but never lose infinite hope.
Martin Luther King, Jr.
And I am hopeful.
Normally, I wouldn't be "wanting" HIVE to go lower, but if there is a nice long red candle right about now, I wouldn't mind picking up what I sold plus some more at around 40% of my sell prices. And since buying back, I would be able to turn 100 into 180ish, for an 80% gain in token volume. The problem is that I am getting antsy, and not sure if I should keep on waiting in the hop for a deeper bottom, or pull the trigger now and take a lower volume gain.
Itchy trigger finger.
Perhaps, I should cross them to keep from firing.
But, considering the dip, the volume is quite low at the moment. People seem to be holding and the price falls are on minimal sells. I feel like there is still more downward pressure on the way, so I will Do my best to be patient and hold on a little longer. Just a little.
There is a lot of volatility in the markets at the moment for a number of reasons, but I think that January will see some upward moment, based on Trump moving into the Whitehouse again. Then, the expectation is summerish 2025, right? Though, expectations don't tend to get met in the markets too often, because when everyone is expecting, those with the volume potential will do the unexpected and force everyone to follow. It is all a game of cat and mouse, the trading smart, and the idiots like me.
It is good to keep these movements in perspective though, and zoom out from the day to day, the hourly and minute charts, and see where it lays in terms of history. Is $3.4 HIVE possible again? Of course. Is it likely? Well, that is another question entirely. However, we are just over three years out from that peak, and four years is the generally accepted cycle, so who knows.
What I know is that if I am able to increase my HIVE volume over the next few months and it does move up into those kinds of values, then I will be able to finally fulfil my promise to my wife, and ensure that she and our daughter are financially taken care of for the long-term. That would be a weight off my mind.
Maybe then, I could sleep without FOMO.
Taraz
[ Gen1: Hive ]
