Hive Is Sitting Above The 20 Cent Support

I don't see any strong a resistance between this level and $1. HIVE did find a local top around 35 cents late last summer but that was short-lived and the market was very different back then.

What I don't like is HBD being above $1.4 right now. A stable HBD with a working upside peg would be a fantastic tool to take profits during a blow off top. I'm afraid that when HIVE rallies in a serious way in the late stages of this bubble much later this year, HBD will spike to a stupid level as well albeit not nearly as much as HIVE.

But as we are still in an accumulation phase, I don't mind speculators on HBD allowing me to gain access to cheaper HIVE too much when I opt to receive a half of my post earnings in HBD.

However, in the distribution phase when HIVE has spiked, I would like to store my earlier earnings in HBD to convert back into much cheaper HIVE (as in 1-2 orders of magnitude cheaper) years later. I'm sure that would work beautifully again because market psychology dictates that there will be a lot of hodlers at the top once again. On the other hand, buying HBD when HIVE is this cheap is a silly thing to do.

Posted Using LeoFinance ^Beta