Hi everyone and congratulations with happy power up day!😃
This has been a quiet month, just simply chilling. Only because the goal of 10k hivepower for this year has been reached. Started the year at 6k, so am very happy to reach it in good time before Christmas. And reputation of 75 was also reached. Also another month was completed and passed on the 10th PUM, two more to go and I have taken this whole year which is the goal and the yearly author badge, this 2 last goals should be easy, just have to remember to post and power up daily.😊
Taking the opportunity to welcome @lucaskrist, another colleague from work has joined @leraje, he won silver in kickboxing last year in Norway, wow. Appreciates if friends stop by his blog and give him a like, a little encouragement to get started. Ok, here are some stats again.🚀
Had a total increase of 2.8% in Hive power vs usually 3%+. As mentioned, a chill month.😃
Including my TA thoughts as usual, as I want to track my ideas. In previous post I where talking about
So far it looks like the bullish divergence is doing its job and we also made a higher low. So the inverse head & shoulder reversal pattern is still in play. Short term targets, we have to reclaim $0.34 or better $0.45. If so we should test $0.6ish the neckline of the pattern. Again, it depends on what BTC is doing, but it held 25k again, so a relief bounce should happen across the board since October is historically a bullish month for BTC.
Short term target of $0.34 where hit, for now a 27% bounce from the buyzone. We are getting som rejection here as it also is a long term trendline that hit again.. and yellow 200 EMA. We need to overcome it with a breakout with volum to continue to next target of $0.45 and $0.6. I think it will come as many alts have already done it. And price has contracted for 1.5 years now, and contraction leads to expansion. Soon I think! Invalidation would be a new low, if so I would look to add sub $0.2.
Check my newest update since BTC had a breakout as expected with my statment in september "october is historically a bullish month" See my TA on BTC here.
Happy PUD and PUM, see you next month. Have a great week. Bye! 😃
Read about:
Hive Power Up Day - November 1st 2023 and more info about PUD at @hivebuzz
My previous powerup post:
+500 HIVE POWER UP DAY 1.oct #PUD and 9th #PUM done 👍
Would love to see you in our weekly street art contest:
CCC's Street Art Contest #168 | 🎁 : 100% Liquid Payout and Ecency points as Prize Pool & Winners of #167
Christopher
Kristiansand, Norway
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