Not only did the price of STEEM reach 1.46$ again, we also have a bullish cup and handle pattern forming in STEEM/BTC.
STEEM/USD is already super bullish, but now the BTC pair seems to follow
GREAT SIGNS for STEEM and also good looking charts. Is this what we have been waiting for?
In one of my last updates I explained, that I am waiting for a big pump in Altcoins, accompanied by a steady rise in BTC, which will at some point go vertical. I am convinced now. The media is already going crazy and the number of new wallets is increasing everyday by thousands.
When the future trading starts we will mainly see two things. More volatility (meaning bigger crashes and bigger surges) and a lot more trading volume in altcoins. STEEM has not seen the growth rates most altcoins did in the past months, which means it is a hot candidate to catch up on the delay.
Great times and big gains ahead. I wish you all best of luck with your choices. Stay tuned for more updates.
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If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions.
If you make any trades or investments 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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Gotta love the cup and handle. Looking BULLISH!
I hope steem can maintain the upward trend but it always seems to drop back quite quickly. Cheers
Happy to hear that, i bought some steem with sbd, it got pumped alot
Thanks for the analysis
Hey mate, great to see more traders on the platform. I've given you a follow and look forward to reading more of your work.
EW has always interested me, but I've never immersed myself in it to the level required to fully understand its nuances. You might be the catalyst!
steemit is a pretty much closed system when it comes to buzz and hype. Steemians don't bother with other social media outlets very much. They don't see any clear reasons. So STEEM is bound to lag behind. But anyone who gets in will instantly realize that blogger is dead and reddit is obsolete.
All I hope is to have more quality newcomers that can negate the effects of spammers and plagiarists.
Yeah, that's a good point. Once you start hanging out on Steem and earn money for it, why bother to return to Reddit or Facebook to talk about it? Most of us forget about those websites once we start getting paid here :)
Finally STEEM/USD look. Keep fingers crossed!
Now we're talking! Steem really does deserve that uptrend!
I also found out in my analysis that the herd of bulls are prepared to star the stampede. Signs are very good!
https://steemit.com/steemit/@tombort/steem-usd-price-analysis-3
Review my analysis and make some comments , because we can teach a lot one from another.
Upvote you great post!
Thanks for the information of my friends and this is a good post and apologize if my words are not polite .
sods law pretty much guarantees that steem will moon now, just because i finally dumped my long held steembag to buy and ride another coin up... hours after i sold volume came in and price started increasing... #tradingsux
I never trade with steem, it is a hodl coin. I believe in a few years we will look back and think, wow, why the f. did I not invest all my sparemoney in STEEM instead of BTC/other things/coinxyz...
i hodl and powerup the steem i make here and in the steem poker league, but still like playing the trading game, even though i suck at it...
Keep at it. Once you recognize patterns, you will know when to buy. The difficult part is when to sell...
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C'est cool sa :)