Hive Still Holding Strong! What's the Bottom?

Feels like a good sign

I have been watching the Hive chart closely over the past few weeks. At the risk of being wrong, something feels different about this pump than previous ones.

For one, whales didn't dump en masse like I've seen over the course of my time on Steem/Hive. In the past, I have observed that immediately after any tiny pump, even a dime or two; the gains are very quickly stomped out by people just waiting for a little bit of upward movement.

Whatever upside left would be wiped out 7 days later once users scrambling to make a profit have time to power down some coin. Over and over I've seen this pressure stomping us into the mud.

Are we deviating from this pattern?

I am by no means any kind of analyst, but it does seem like Hive is holding onto a bottom a bit more strongly than before. Are people finally starting to take notice? Where are the massive power downs that we usually see?

I was looking through @penguinpablo's charts for this last week, and I may be reading it wrong; but I don't see the usual massive powerdowns and selling that you'd normally see after a huge pump like this. In fact, I've seen quite a few nice power ups.

Granted, it's been 5 days since we hit a dollar, so I guess we'll see in a couple more days if we magically get zapped back down to 25 cents. But I feel pretty optimistic that we won't.

My hope is that will all the huge volume we've had this week; people buying in at over 50c, that they'll be less ready to sell below that price.

Other Influences

Also there's everything that's been happening with Leo and Cub. I've been stacking and staking as much Cub as I can, because I see this exploding in the near future. I underestimated the Leo guys when the tribe first emerged but I've realized that they've really got their shit together. What's good for Leo is good for Hive, of course!

Posted Using LeoFinance ^Beta