Hello Cryptoworld!
Today I am making some time to take a look at HIVE chart. I know it is maybe not useful, but at least I am aware to resign myself to stand for a long term. How long? Maybe a year to see any change in the bearish tendency, and I should clarify that this tendency is more clair contrasting BTC: HIVE-BTC.
Well, until March 2024, I was getting some feeling of happyness as HIVE got some recuperation HIVE-USDT.
It was touching the maximum of 49 Cents.
The charts time frame is weekly. It allows me to see more a perspective on long term.
But what I am realising now contrasting with BTC it is making me more conscient that this bearish tendency is coming from longer that I was imagining, it is not coming from March 2024, it is coming from longer, since 2023 on week candles it shows HIVE under the Ichimoku cloud. Even in March 2024 it was under the Ichimoku cloud. That was because BCT had that month a rally.
In March 2024 BTC got over the 72,000 USD. This move is a previous rally just before the Halving.
Then, the rally of HIVE (HIVE-USD) on March 2024 was apparently good, but the BTC percentage was stranger than the rally of HIVE-BTC.
Well, I don't want to sound negative, but my hope to get a HIVE rally similar to the BTC rally on the 4 years cycle. Therefore, I am resigning myself to wait for longer to see any improvement at HIVE.
In the meantime, I think the best we can do is to continue generating more HIVE/LEO. Well, LEO is another post to do; but maybe it follows the HIVE tendency. Lets thing LEO will have a different tendency.
What I am regretting in some way, my amount of ADA converted to HIVE since last year. For months HIVE was over ADA in value. But now it is really a big gap between ADA and HIVE. Since March 2024 HIVE has lose his similar price to ADA and for months ago, HIVE is at half of price of ADA.
I think the best we can do is support ourselves in this Ecosystem.
And maybe it is a good moment to keep the HBD rewards. Until now I was converting all HBD to HIVE thinking that it would reverse in some moment...
Time to finish this post!
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COURAGE TO STAND UP/HODL on HIVE!