End of September! Crash over?
Someone was saying that September is a period that asset prices get a beating.
As the chart below shows, Hive prices went down at the start of September and even reached 0.24 at one stage.
It has since climbed back to 30 cents a few days ago, and currently it is staying at that region.
It is also the end of September, and we will be stepping into the last three months of the year. If the price isn't going down further due to the September effect, can we expect to see it climb up higher?
Is the storm over? This will be interesting to see.
Personally, I loaded up whatever Hive I need as I described in this recent post. There wouldn't be any more buying for a while, unless it does even lower, say below 20 cents.
If so, I will be bringing out some cash to load up some more Hive. That would be a price I can't resist. Besides, by then my financial situations should be better with my pay coming in. Overall, I can afford it, though it might be a delusion.
Afternote: See this thread for historical BTC price which shows weaker September! https://leofinance.io/threads/view/idksamad78699/re-leothreads-2ebgtn3mb
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know.
We can form an alliance to support each other's growth.** You might be interested in this post, @thatkidsblack, @graciousvic, @peniel2010, @deflacion, @jacoalberts, @limonta, @young-kedar, @svanbo, @sumotori, @zakludick, @poplar-22 and @hankanon!
Posted Using LeoFinance Alpha
Posted Using LeoFinance Alpha
Thank you for all that @cryptothesis
October and November are known for their bullish performance atleast for the majority of the time so i expect some upper moves in these two months for sure.
We might not see hive going back below 25 cents anytime soon.
Time will tell, let's hold back and enjoy the scene.
https://twitter.com/LovingGirlHive/status/1708380935853596803
I won't mind Hive shooting for the stars now😂
The way the cypto market undoubtedly bearish and bullish recently called for attention. Well, to me, I believe it is likely we see Hive surging more in the last three months of this year. And if it's bearish, it will give investors avenue to buy more.
I personally have begun to embrace the downward momentum of the bear market and redoubled my efforts to understand price action.
I think understanding the flow of the market helps in making educated investments and trades. If investment requires a narrative, you and I could call it qualitative analysis. I notice many social crypto earning platforms lately, for example.
Then, trading requires timing and execution, based on quantitative analysis. This is where I want to grow my experience.
glad to see you making progress! !PIZZA
$PIZZA slices delivered:
@cryptothesis(1/15) tipped @thatkidsblack
Historically I think it's a good month for price but I still think we are a ways off from a bull market because people are not in a risk-on mode. So there shouldn't be that much volume.
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It's always intеrеsting to sее how crypto pricеs fluctuatе, еspеcially during thе traditionally volatilе month of Sеptеmbеr. Your stratеgy of loading up on Hivе at a good pricе point sееms wеll-thought-out. Lеt's hopе for a positivе trеnd in thе last quartеr of thе yеar. Crypto markеts can bе unprеdictablе, but it's еxciting to sее whеrе thеy go. Thanks for sharing your insights!
My pleasure!