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Hive Backed Dollar .... an obvious trade ! for now ... =)

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TeamMalaysia Boleh !
@bitrocker2020
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If you have been monitoring Hive Backed Dollar for these past month, you would start to realize that there is a pattern which has been recurring over and over again. Now if you see these kind of patterns especially when doing some spot trade , hey .. why not take advantage of it while the trend is still on.

So here is the chart for HBD over the past month and you can start to see that there is a median price which HBD has always been falling back to. Which is $0.98 cents !

So how can you react to this ? Well .... the basic theory, if you see the price of HBD drops ... then you BUY MORE and when the price goes over you "SELL" if you are looking for quick gains. What do you sell it to ... its really up to you as even a simple swap between HBD and HIVE will gradually gain you a nice amount.

Well .. thats something to think about .. isnt it like the most obvious trade ?? and this is not in any way financial advise.

If you are looking at automating this trade .. do checkout Bituniverse App here is a link which @bboyady has talked about it

I use it pretty often to manage my spot trades like these and its able to connect to the major exchanges with really amazing tools to have as a trader.

Cheers all and have a great day !

Posted Using LeoFinance