HIVE Digital Technologies Ltd V.HIVE

Bitcoin surprise for Xmas......!?

[mrmomo]

Looks like good ole Saint Nick might be packing a little more than usual this year on his sleigh as it seems that Xmas AND Bitcoin's historic moment are about to coincide at about the same time. For those who don't know or for those who aren't aware, there's been a GREAT battle being waged between those faithful to the Crypto King and the Establishment or "illuminati" (if you wish) who want to keep the Status Quo. By the looks of the very votatile trading within the last month or so, the battle is indeed fierce, with both sides pushing the other to the extreme. Almost like in a good ole Western standoff......no winners....no losers.....just a stalemate for NOW.

BUT......imo.....if HISTORY is any guide, there has NEVER BEEN a successfull attempt to either completely block the normal progression of a prosperous society OR prevent technological advancement/innovation. It has been tried many times in the past, most often by religious institutions or dictatorships, and it has always FAILED. EVERYTIME. I think our good ole friend Galileo could attest to that fact. As though it COULD possibly be delayed or slowed, it CANNOT be STOPPED and you CANNOT prevent change or progress on ANY scale.

My prediction. As the Bitcoin Bulls have tried 3X to surmount this 20K wall within the last month alone, even though each attempt was unsucessfull, each progressive attempt was much closer than the last......coming within ~$50 on the last one. As they say, it's only a matter of time now. Even the most powerfull people, institutions or blockades can only do so much or last so long to hold a gigantic technological wave like Bitcoin back. History has continuously proven this to be true every single time. And it will be the case again here..........

So for those with a vested interest in this space, either through Bitcoin/Crpto directly or through some publically traded entity like Hive......I say hold on tight folks as the best is YET to come and this in ONLY the beginning of a major SUPER bull market in Crypto currencies. Now is definetly not the time to be selling, one should be accumulating or at the very least holding on.....

Good luck to all...........

[Baseballfury]

From a technical perspective, I can see that happening as well, but am curious as to what others think (technicals matter in crypto trading). I'm on Binance every day and have noticed a potential triple top ascending triangle with both Bitcoin and Ethereum. I remember reading somewhere a few months ago that usually Bitcoin takes three to four tests of a resistance line before exceeding 

[Waxwing]

Yes, every which way you look at it shows an upward trend. What happens in between is all apart of the process. I like what I see and have to go on that. TA is very beneficial as each indicator is a tool.  If you have a job to do...the more tools you bring will produce a better result...more often then not.  If your not carrying a tool box I can definitely see your lack of confidence

[Baseballfury]

Thanks for your thoughts - I can see the potential for a pullback to maybe $500-$550 in the short-term to hit an upward trendline, but crypto has this weird way of suddenly shocking people and exploding higher.