HIVE: Buy The Dip

Whenever we see a large drop across the crypto market, people call from high and low to tell you to buy the dip.

While some may cry and some may whine, others may see opportunity shine.

Crypto is a great game of quick returns and quick losses. If you know how to play this game, you can get very rich. If you don't then you might as well pack your bags and go elsewhere.

This is a tough life for anyone and I think the people who are in it for the long run are the ones who will benefit the most from crypto markets. If you try and play the short term, you can get crushed.

So now that I have said that, I also like to trade the short run on currencies that I like in the long run.

Hive is one of those. On a chart that I posted maybe 2 weeks back, I said that HIVE would follow 2 possiblities:

a major breakdown
a major break upwards

It had a major breakdown along with the rest of crypto. More exaggerated even than BTC and other alts.

You can see in the chart above that the red line I drew is pretty much spot on. The fall is going to be a nice opportunity to load your bags with cheap Hive.

The question is whether you have the stomach to weather the storm. I think a bounce back to 1900 sats is likely in the short term and a recover back to 2400 is likely in the next 1-3 months.

I am now also trying the Leo beta interface that I saw posted in discord ahead of the release tomorrow. It Looks great