People Have Lost Their Minds Here. I'm Buying.Often times the trend is your friend. However, you will make the most profits, I've found, going against sentiment and holding for a few months for the turnaround. This stock is now providing that perfect storm for massive profits on the long side. I'll explain.
People loved this stock when the hype was around at $3. Myself included. Crypto was on fire. I got stopped out but am back now. But people think crypto is done, when in fact its in its infancy. You need to zoom out of your daily charts and check out the weekly dating back a few years. Do you see the massive healthy upward channel?
So now we consolidate. This can last for another few months. But cryptos will indeed rebound, find another bull rally and set new all time highs. Many coins won't survive this consolidation phase. Bitcoin and ETH most certainly will. Many companies wont survive this consolidation phase. HIVE will bc they're cashed up. It might not even be in 2018 but at some point, crypto WILL go on another bull run. For now, its traders, shorters and panick sellers doing what they do.
As for HIVE: there was an insisder buy at $1.31 at the end of March, there are open gaps all over the place that often close, they have tons of cash, RSI is below 20, people are panic selling...and I will leave you with one more food for thought...I've been having private convo's with several of the regular posters here to gage sentiment. I'm not going to mention names bc I wouldn't ever throw anyone under the bus like that...but I will tell you that some of the biggest vocal critics here have already started BUYING in the .80s. Hold onto your shares. You will see $1.50, $2 in 2018 and when ETH hits 2k in 2019...those huge open gaps above $3 will close. Just my thoughts. Good luck, long or short.