I wonder how well this video is gonna do on hi blockchain technology as you guys aware hi blockchain technology has gone up quite a bit in the short term is it still a buying opportunity and I'm here to share I'm here to share my opinion on it so anyways hive hives had some news today it wasn't released on the TMX but it was released on the website regarding regarding the GPU mining approximately 35 production in the operation and maintenance costs of GPU mining in sweden compared to such costs under his previous provided agreement which ended in november two thousand nineteen the updated cost reduction figured higher than approximately 25 percent that the company had previously anticipated by in its December second 2019 press release this improvement is the result of lock locking in a lower than anticipated electric rate streaming steaming from an unusually warm winter in sweden for a major majority of the company's electric cost hedging agreement that will continue through 2020 electricity is per which provides through green energy comprise the majority of the company's operation and maintenance costs so uh now that's a pretty big news and that's probably the reason why hide went up high has gone up quite a bit I mean if we looked a month ago the stock was sitting at eleven cents now it's at thirty nine cents so if you bought it at eleven cents you were a 3-2 hundred percent your money triple your money already in a very very short amount of time but you know it's just
the way the market works is it a buying opportunity it is overbought right now but I still think that there's a possibility that I could go up further because hive has been as high as 80 cents or even as high as 3 dollars and 42 cents will it ever go back to 3 dollars and 42 cents I would say that it's impossible but I wouldn't say you know I wouldn't if I attend today it all depends on aetherium because you know aetherium could go back to $1000 if that's the case high could easily go back to $1 if not higher so it all depends on your risk tolerance I mean right now it's overbought it should have a correction but sometimes the market makes no sense and it can stay overbought and can keep going up and then have a correction at maybe 50 cents but at the moment it's on fire and but I do want to put out caution because I think that there could be a massive pullback in the short term here but again that is my opinion if we look at the chart you know it's just on a straight ramp up it is it is overbought massively overbought right now OSI love was at 88 MACD is very very good like very very healthy I'm expecting a pullback in the next few days and then if Bitcoin in aetherium continues to rally that will that will really help out a high blockchain technology but I don't know what then a day if it will if it goes back to $300 I think hi people back to 50 cents but you know I don't know for sure i hot aetherium could pull back big going to pull back let's look at Bitcoin Bitcoin today it's you know trading sideways so I don't know like I've done day I don't know it's risk versus reward I'm holding on to my position simply because I think hi blockchain technology can continue to move to higher to the upside I think that there will be a correction I think it will eventually dip back into the Bollinger Band entry the lower I think if this stuff if the stock price goes back to around 30 cents I think it's a buying opportunity but this is not a vice this is just my opinion so no take over grain of salt or or today is down 14 cents and I'll be honest with you I do not think that this is a buying opportunity I feel bad for the people who are you know big holding because you're gonna be in for more pain at least this is my opinion I could be wrong but you know and Aurora could come out with some fantastic news but you know after listening to that conference car it feels like a row wants the stock price to go down I don't know why but they had nothing positive to say besides long-term will be good will be okay long-term will still dilute you but we'll be okay long-term that's the message they're giving out right now tune Estus so I honestly think that Roy wants the stock price to go down further I don't know why I don't know it to me is that's that's what I think management wants I don't know why they'll never actually say that hey we want to start price to go down don't never actually say that but that's what my gut feeling tells me that our own management actually wants the stock price to go down but you know you guys can argue and tell me that no there's gonna be big news coming up and Aurora's learnings are gonna be awesome and they're just downplaying it and then when it ruins come out the stock is gonna skyrocket and all that good I mean stuff you know you could you could argue that I really don't care I just think that the stock price is going down further Africa you know if a-rod goes down I need a minute after he is going down to I'm telling you guys to stay out of the market just just stay out of the market it's not it's not a good time to be in the in the MJ market look into other things look into I don't know not not financial visor but look into anything else but just stay away from the MJ market that's my opinion only canopy growth canopy growth is a upper penny but the higher canopy goes the better of a short position it becomes because I believe that when they announce earnings it's going to be bad and I think the stock price is gonna sell off who knows but you know maybe I'm wrong maybe it's gonna be fantastic and canopy will rally the intent the rest of the market that's the gamble you take for gambling on canopies earnings turay turay is following the market tote like I said Arad goes down toe rate goes down o terrain has a valuation of 1.6 billion dollars and Orion has an evaluation of 1.75 billion so if a Roy keeps going down Tory will keep going down I see a possibility of two ribbing at 10 USD in the near future here but we'll see what happens hmm J I think that will continue to move further to the downside the market today is green so yeah it's just more pumping into the market but I still think that market and the market is at all-time highs right now and I think that you know one day you're gonna see an ugly ugly stock market but I don't know if then the day we'll see what happens Apple Apple was up today why because the market was up today the apple doesn't trade on fundamentals Apple trades on how high the stock point goes Apple is connected to the main market if the main market goes up Apple goes up that's just how reality works right now it's kind of stupid but that's what the reality of it Disney Disney is also under pressure but because the market was green today Disney went up you know China is a problem for Disney I think so I know but who knows who see AMD AMD had a nice massive rally holy crap this tip right here was a buying opportunity ah he looks bullish MD looks like it's gonna head up higher and higher I don't understand why I don't understand why rich people are pumping this stock up and up and up and up but they are and I just don't get it but hey you know what if you're long and you bought it at two bucks holy crap you like who could have hold on for two bucks and still have the stock price stock right now is be crazy like that be that's crazy see web see web is down 48 cents harvests health harvest health and recreational down 19 cents acreage Holdings acreage Holdings is down 24 cents more of our terror group is down two cents after-hours harm no liberal health science liberal health science is six down to 64 cents true Eve true Eve is down six cents I anthis iron fist capital is down five cents kira-kira leaf is down seven cents man man is trading sideways I still think I'm not gonna make a position man man yet because I still think there's a possibility man man cookin can go down further if it goes down to 40 cents I'm tempted to pick up some so far swing trade crash collabs crash collabs looks very attractive but I still think there's a possibility we could see a 599 price point a lower in the near future viral health almost to that one dollar price point I wanted that but who knows what's gonna happen and uh that's it for my video I think anyways thanks for watching guys I hope you enjoyed this content give me a thumbs up it helps my channel grow subscribe for future updates and have a great day
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