History In The Makeing
I think I'm not the only one to think that HIVE is not like any other crypto token and that happens for a good reason. We know the platform and the token inside out and value if accordingly, but not as we value other assets.
When investing in other tokens, we usually look at the fundamentals, after which comes the technical analysis, which decide where and when to enter the market. Knowing TA is a big help as it can save you from buying at the wrong time.
When it comes to HIVE, TA is not always helping or should I say it's not there yet.
Trading HIVE is not a problem as lower time frame charts like 4h, 1h or even lower that that can be read nicely, you can spot divergences, apply indicators, all you need to see if it worth to take the trade.
That however can't be said about higher time frames. This is the weekly chart and as you can see, we don't have much to work with here. We have two green candles and three red ones for the last 5 weeks and that's all. No higher high or higher low, it's still printing.
I don't even what to look at the monthly chart as there's nothing to look at. We have two candles, one green, one red and that's all.
I forgot to tell you, that at this point I don't think it's healthy to combine the past we had on the other chain whit what we have on Hive. It would be deceiving. We have a new life now and HIVE needs to print its own chart.
What is interesting about it is that we can all witness how history is made. We know or we think we know how those candles are printed and we have some explanation about what made the price go up at certain points.
We know someone (smart I may add) bought around $14 million worth of HIVE on the 6th of October 2021, investing 285 BTC. There has been a few moves like this over the past few months, but other than that, the rest is quite normal.
In time, when we're going to have more candles printed, it will be easier for others to do TA. Yes, I said others as we don't really do TA or rarely as we mostly focus on accumulating, because we know what we have in our hands. We know we struck gold at the earliest stage possible, that will be worth a whole lot more in the near future.
Taking profit is going to happen soon as we're waiting for the last leg of the bull run to happen, but with HIVE ... we don't know what's going to happen. It is just guessing as TA doesn't help much at this stage.
I was wondering how this chart is going to look in 5 years. How we are going to feel looking back to the beginning of the chart and knowing that was the period when we doubled our stake due to the airdrop we got on Hive. How we are going to feel about the period from April 2020 to November 2021, when HIVE was trading under $1. There's a high chance we're never going to see HIVE at or under $1.
Every crypto holder is dreaming about getting in early, buying the bottom, which then can worth millions one day. We didn't have to buy the bottom because it was airdropped to our wallets, for free. Are we lucky or what?
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