Hive Holding Strong

Have you sold into the pump?

Yes, today Hive is pumping once again, but I am talking about the big one to almost 70 cents. I have advocated in holding at least 10%-30% of your Hive liquid in order to sell into the pumps. Personally, I made one of the best trades by selling Hive at 64 cents and rebuying at 49 cents. Just in time for today's pump to the 60s again. It can be hard to sell into a pump, but if anything goes up by 70%+ it's reasonable to assume that there will be a correction before price heads higher. It's probably a good idea to stay conservative and not try to catch crazy lows by step buying into the market again. Step buying (or selling) is always a good idea. Here is what I expected in the last post:

And this is what we got:

Today's pump was not small, actually. On the 4h chart volume is up just like what we had last week, but so far it has slowed down. I would be surprised if Hive would just run up from here. The market still "needs" a break and I think consolidation is more likely, at least for the next week or so.

The big run up could be coming in January/February when price could test the two to three red lines seen in the chart between 80 cents and $1.2. This is what I have called the "local top" - a likely climax after which we could see prices heading back down to the 40s or 50s before heading higher potentially much higher.

Now that price is above the red line (chart below) this will act as a catalyst for a higher local top. My idea is that after that has occurred, we (unfortunately) need a retest of this important breakout area. After a 7x such move seems quite likely.

Finally, in summer of 2025 we could then head higher and make a new ATH if everything pans out.

Conclusion

Holding liquid Hive is now a great way to profit from these pumps. Just stay conservative and don't try to catch wicks! If the big correction does happen for spring/summer this year, one can potentially add a lot of Hive to one's portfolio by selling the local top and buying the macro retest of the red line.

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As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!

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