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Nice little breakout by aggroed

View this thread on: hive.blog |  peakd.com |  ecency.com
hive · @aggroed ·
$72.90
Nice little breakout
It's been a while since I've looked at Hive TA in any depth, but given that the BTC market looks like it could be breaking out it became relevant to look at Hive too.  In this chart you can see that Hive is breaking out of a trendline that's been around since November of 21.


![image.png](https://files.peakd.com/file/peakd-hive/aggroed/23tHbkj8CifVgVFWWLbXxxWcmYLmNMCpYrV3KzL6VGJ93XxJNtPFbGWN2FmqgUHKcyL9x.png)
  
I'm not an expert trader by any means, but I'm smart enough to know that break outs of long trend lines to the upside have a tendency to push higher.

Daily RSI is pretty high, so it has me a little nervous there's a decent pullback chance on the daily timeframe, but weekly RSI is still quite low and shows a lot of room to the upside.

Crypto is volatile so as always it can go up, down or sideways, but it's nice to see some bullishness in the charts.  Especially because back in the old days with steem we would see bitcoin breakout and it would take a long while before steem would respond.  This looks like it's moving along with the btc market, which is a vast improvement over how it used to go with Steem.

Good luck out there, don't get rekt, and don't risk money you can't afford to lose.

I own a lot of Hive and imagine I'll be sleeping soundly knowing it's slowly accumulating and what I have accumulated seems to have a bright future in the not too distant future.

(this is not financial advice, I'm not a professional trader or really even a hobby trader.  I look at a lot of charts, and  like the setup of this one at this point, but you should talk to actual professionals about your finances and not listen to some bro on the internet like me.)
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vote details (542)
@awesomeintrigue · 
The only problem is that only in a couple of days we have a fed statement. Which is known to move the market. Doesn't mean it will change the trend tho. But markets will do their thing as usual I would say haha
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@bitcoinflood · 
To the MOON 🚀🙌
👍  
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vote details (1)
@vlemon · 
And then Mars (not back!)
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@dalz · 
> some bro on the internet like me...

Just a regular bro around here :)
👍  
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vote details (1)
@vlemon · 
Hehe 😉
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@juanvegetarian · 
I'm also waiting for that "decent pullback"; these are exciting times.
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@larryparra · 
Todo consejo es bueno, así que hay que tomarlo en cuenta mas vale prevenir, muchas gracias.
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@lordshah · 
This means we can enjoy a bull market for longer durations. Nice.
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@ma1neevent · 
Whats up @Aggroed, long time no see. Just came back to Hive today after a 3 year hiatus. Hope you are doing well!
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@mightyrocklee · 
Yeah, now we wait for SPS next. He he!
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@bcarolan639 · 
Ill either have enough or be a little short on what i wanted bc im fliping back and forth when favorable to GLX getting like 1.5 glx per sps then breing them back the income when ratio is higher for sps
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@bcarolan639 · 
Still have like 600K sps but not up to 268 K glx and 19 or 20 nodes
som elande
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@bcarolan639 · 
ppl will be blindsided by how much sps they need lol like I can see the entire market of who will be the renters lol
👍  
👎  ,
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vote details (3)
@niallon11 · 
I'm excited about how much is being built on hive right now.

At some stage down the line that is going to make hive pretty valuable as more and more apps compete to have enough resource credits to scale.

I think that splinterlands has done so much to drive this to here and that Leo will have a breakout in the next two years.

Lots of others to be excited about as well.
👍  
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vote details (1)
@bcarolan639 · 
im excited to have a part of all the major games in here spl, gls platform , TD, Splinterforge (not a shareholder own packs) own common stock small minoriry interest from the seed sale it comes with all upside for all the games and the SAAS system whch will be great for us.  GLX i think long term will be a beastt and SPS will as well im going half and half until glxs 1% per day gets to 500K then split half glx swap half sps and build bac k to 1 million of each
👍  
👎  ,
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vote details (3)
@poshtoken · 
https://twitter.com/1413161729106776065/status/1619065861528031247
<sub> The rewards earned on this comment will go directly to the people( @no-advice ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
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@stokjockey · 
Uncle AGGY will make You RICH !!!
👎  
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vote details (1)
@topworlds · 
Now that I have a little fund too invest hive decided too move, will still wait for at 34 cent as that's the price my guts would love too enter the market
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@vlemon · 
It definitely feels good! Ready for the next pump (or dump). FED will decide 😅
👍  
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vote details (1)
@wrestlingdesires · 
Honestly I have a feeling that btc isn't ready for a bull run yet. Long term both Hive and btc have an amazing future though 🙌 I'm also accumulating. 

Happy Power Up Day 🐝

This post has been manually curated by the VYB curation project
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