Hello all,
Here is the chart of yesterday :
Here is the current chart :
The correction is continuing on the STEEM. The correction on the BTC is not helping neither. We could go test for the third time the low around 0.124$ and it will be very important to see the reaction of the market on that level. A break of this support line would be a drama as we could go under the 0.10$ very quickly but it is a little bit early to think already about that.
I wish you massive profits,
Cryptopassion.io
Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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Greetings dear friend @cryptopassion.
All efforts made by the steem community are not having an effect on price recovery.
New dapps and new projects are being implemented, the steem-engine market is allowing to accumulate steem that is not escaping to open markets, the user base is growing.
Apparently steem follows the fall of BTC but not its recovery.
it is doing the opposite effect and it is normal.
Steem doesn't need more users or more bloggers, it needs more investors and all the initiatives done currently are there to stop investments to just distribute upvotes to newbies. This is the #NewSteem as what they are calling.
If they were doing it with their stake it is ok but now we can see some groups like @curangel, managed by @pharesim, starting to downvote people who don't think like them... So yeah Steem is becoming a dictature with these people and I have no doubt that STEEM will fail with this attitude.
So yeah it will be my last publication as I don't want participate anymore to this new scam for investors.
Good luck to all and yeah be prepared for a STEEM going to 0.01$ ;)
So funny to see that even when everybody knows what happened, communism has still its place here...
I think that a great mistake was made in granting the common user a power as great as "downvote". This is in newsteem and is the neck loop that will end up leaving many users without oxygen, even the blockchain itself.
They are still in time to make a new express HF and correct this catastrophic error.
The future you are seeing in your analysis is quite worrying. I have also been concerned about the fall in value and its poor recovery these days, a couple of publications were born that I shared with my colleagues basically to ask their opinions, although it happened as a curious thing that instead of responding in the comments they contacted me by other you see.
In the post I commented, I had not done much, I sompletely presented the evolution of STEEM in the last two weeks in each case and asked for an opinion, the first was https://steempeak.com/cryptocurrencies/@pedrobrito2004/steem-s-recen- behavior
And the second one is at https://steempeak.com/cryptocurrencies/@pedrobrito2004/6puxob-steem-s-recent-behavior
the difference in date between one publication and the other was about 5 days. Only with the graphics things do not seem to point in a good direction.
That is something that I regret because I like the idea of this project, the idea of a social network that directly rewards its users in a different way than Medium does.
Thank you for that nice aanlysis. I hope you will share them more often !
Where can we buy it that low what are best exchange market site you find to be accurate.any advise
I gave you 100 % vote
Excellent work
Bittrex and Binance are the most serious exchanges trading the STEEM to my opinion.
@tipu curate 3
Upvoted 👌
What happen if poloniex sell millions of steem?
We will go to 0 but it will happen, even without poloniex
Thanks for the votes!
You could also witness vote for me:
https://steemconnect.com/sign/account-witness-vote?witness=isnochys&approve=1
you welcome
I'm expecting new from you as you started ;)
Hello dear @cryptopassion, Thanks for sharing.
You are very right in your statement, fortunately the price remains at the threshold of $ 0.124, but tends to recover, although shyly still. The price for today is about $ 0.136, a break in the middle of this bearish spiral.
We cannot know when there will be an important recovery, but as you write, the BTC correction is not collaborating.
Thanks friend.
@fucho80
Thank you for your comment. Take care
Hello @cryptopassion! It is sad that you do not make your crypto analysis anymore. I read it every day as I am very bad at everything connected with crypto. (
I'm starting it again but yeah some people are downvoting my work so for sure I have less motivation but I will continue to try to inform you
Thank you so much... I am sure that your posts help many people.