HIVE Long 72R
Expecting a big move up in HIVE.
It has a very nice looking consolidation pattern after the break above the significant downward sloping accumulation pattern over to the left.
The risk to reward ratio is 72.
I think this is a trade which warrants a 5% risk which would net a 360% gain or 4.6x return.
The divergence between the miners and BTC is significant now and with the bull market in bitcoin most likely continuing it should only be a matter of time until HIVE starts move up a pace similar to that of the previous bull market.
It has a very nice looking consolidation pattern after the break above the significant downward sloping accumulation pattern over to the left.
The risk to reward ratio is 72.
I think this is a trade which warrants a 5% risk which would net a 360% gain or 4.6x return.
The divergence between the miners and BTC is significant now and with the bull market in bitcoin most likely continuing it should only be a matter of time until HIVE starts move up a pace similar to that of the previous bull market.
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