HIVE RIDING THE BULLISH TREND
BTC ON 19/11/2021
Source After making double top near the resistance making bearish rally about 13.85% in 7 days. According to some youtuber , according to record there is always year end pump for this crypto and they say its about the time. Personally i dont really good on BTC history because i just new to the market . In fact , this curation is my own personal record along the way i learning process . This is only my personal idea while digging the fact . But ,the chart now reach the support box (bullish flag pattern area before the price leave those area to new price which mean there is a lot of demand in this support area. If the year end pump happening the price might reaching new high early this years, or if the wale keep selling their BTC (those price breaking the support area) , it might reach the next resistance.
HIVE ON THE MOVE !!
While like what i post before , there might selling pressure at previous resistance and make the price correction in current move. What i love in this chart is the last bearish candle is big after the bullish movement candle finish by the big candle. The candle tell us that the seller order at the resistance area is sold off and make correction to the market. And after the pending order was finish , its time to market follow the real trend. This is why people say trend is your friend.
When talk about the trend , those 3 bullish candle after the hivefest told that there is pure demand on bullish and this might making the new long term trend for hive , and after the pending order being sold off trend will reveal its way.
Notes : As i mention , that this is only my personal opinion about current market based on CHART . This journal is a learning process , and i hope it ll help some people to understand the market based on naked chart reading .
I hope we ll get our CHRISTMAS present by HOLD hive and sell it at top . :).
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