RE: Triple Bottom Pattern Appers on Hive Price Chart
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Your spot on about 0.17 getting tapped three times, that looks like a clean base to me. As a numbers guy I lean to slow DCA and and keeping cash for dips, the triple bottom gives a tighter invalidation if 0.17 fails'. The risk reward here feels fair, my calculator is quietly cheering for a bounce :)
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What do you think the lowest price of HIVE could be if Bitcoin drops below 100k?
If BTC slides under 100k and stays weak, I think HIVE probaly retests 0.17 and maybe wicks a bit lower. My downside map is 0.15 to 0.13 on panic, with a worst case wick near 0.10 if liq gets hunted :(. If 0.17 holds and and we see BTC bounce, the risk reward shifts back up fast. I DCA slow and keep some cash for deep dips, but I dont marry any level.
What is your bounce target?
Short bounce taerget is 0.23 to 0.24, where the last breakdown area sits; if we get volume, I think 0.29 to 0.30 is next. Stretch move could tag 0.34 ish before sellers show up, I’d trim on the way and let the rest ride. Invalidation for me is a daily close under 0.165, else your fighting the trend :)