Another good sign...

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Again, maybe I'm being optimistic, but even though we don't see good prices in HIVE yet, it seems that there are more signs that help us see things in a positive light.
I already told you in a previous post that the buying pressure in the internal HIVE market is much greater than the selling pressure, which means that at any moment the horse can run away to the upside...
On the other hand, if we look at the weekly POWER-UP vs. POWER-DOWN graph, we seem to be more adding than subtracting.

Obviously, this could also be due to the low activity we see lately. Surely, those who have abandoned HIVE have already sold everything they should sell and only the Long-Term Holders remain here... from this level, and if BITCOIN allows it, we can only go up in my opinion.

Have a good weekend!

@toofasteddie

Posted Using InLeo Alpha



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12 comments
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Yes I am also optimistic that we can finally rise above the midterm 24 Cents barrier within the coming weeks. Then 50 Cents, then $1 next. 🙏🏻

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(Edited)

Buying pressure is back again and it's a joy and one of the biggest things is that the price of Bitcoin is not going down and its dominance is going down so we will see the reversal of what we have money now. If the coins see a drop then it is still a good opportunity for us to buy and hold for some time.

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Happy to be able to buy those Hive under $0.2, and can't wait to see it increasing with the movement of Bitcoin. but either way, I am happy to be on Hive. : )

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This is pretty good news. More people holding onto Hive is a good sign and combine that with the signs that you saw yesterday, it shows some pretty good signs for Hive.

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Hope so things goes same as you predict.

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Interesting time to have a rising amount of powerups. But maybe, as you said, only long-term holders are still around...

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