I'm not sure how many people are closely watching the price of Hive. Only those who do that will be able to use the short pumps. This month Hive price reached a new high value two times and it happened within a very short time. People who closely observe the crypto market and especially the Hive market can benefit out of this.
As long as the price of BTC will be at its peak, the crypto market will be good. The biggest expectation started when Trump won the elections. People started to believe crypto would pump and a new ATH happened for BTC. There is still a lot more room for pumping when it comes to BTC price. Only if BTC stabilizes, people will take the money from there and invest on Altcoins.
This month we had two opportunities. The price of Hive pumped to more than 30 cents two times. The first pump was sudden only a few people were able to make use of it. The second pump was the more stable pump and many people wanted to book some profits and are ready to do it. Unfortunately, I did not have enough liquid Hive with me to book any profits during these pumps. I had bought some Hive when the price was below 20 cents. I was able to sell them after the pump was over and was able to make a decent profit out of it.
The internal market is the best place to do such trading activities. Today the price of HBD and Hive is pretty much stable. Even if the price of HBD goes down, the stabilizer works good and brings the price back to what it is supposed to be.
Hive price today
Looking at the price of Hive, I think that the price of Hive may not go below 20 cents anymore even if there is a huge fall in the crypto market. The price has improved a lot now and it is stable above 25 cents. I guess buying Hive at 25 cents itself is a good price for trading. There is a high chance that the price might fluctuate between 25 cents and 30 cents as long as the 30-cent resistance is broken. This is my feeling about the current Hive price.
When the price of BTC crosses 100k, I'm expecting some people to sell off their positions and invest in altcoins. Though I'm not sure 100% about this but there is a high possibility that this can happen. That's when we might be able to see the start of the alt season. Many coins have already improved a lot in price. For example, XRP is doing well right now and the price has doubled. A few other altcoins have also improved because of this pump. I don't have any big bags other than Hive. My profits will happen only if the price of Hive improves. If the price of Hive hits 5$, I will have my ticket to financial freedom. Hope it happens soon.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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Posted Using InLeo Alpha