RE: Hive: Development Based Pump
I'm glad to see where we have climbed to, on this first anniversary of Hive.
As much as anything, I tend to be a "volume watcher." Price rises on anemic volume seldom go anywhere; meanwhile, those to "spikes" in the Hive chart were accompanied by explosive volume... typical of a lot of "churning" but generally it's all caused by day traders trying to fill their pockets on trades that often last from minutes to hours. They are nice, though, because they can help create a "higher low." What's happening right now... for the last couple of weeks... is awesome! Steady upward price movement on "increased" volume that's not out of control... to me, that signals accumulation, rather than pump/dump activity. And that's a good thing!
Thanks for an interesting post, as always!
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