The end of this downtrend is near. I expect the next impulse to start @ 1$ STEEM level.
I am expecting 14$ STEEM in August 2018. This is a >90% correction which is common for wave 2 in cryptos.
Imagine being a big money investor with 1million USD to invest. 1million STEEM @ 1$, 500,000 STEEM @ 2$, 250,000 STEEM @ 4 $... Which one would you buy??? Exactly...
Gathering funds to buy this dip right now. This will be great... Stay tuned...
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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Sounds a good time to buy. Hopefully a good time to cut over SBD also.
What about SBD?
Let’s hope so 🙏🏼
@ew-and-patterns, you think then it make sense to short Steem now, only to buy at 1$ level? Ot u think too risky of a strategy?
why dont you place your fib on logscale? steem could be triple digits, why lineair?
because logscale is shit for shortterm prdictions. It says nothing. Only for big picture analysis it can be useful.
Nice Information, thanks !
Make sure to check out my airdrops posts too!
You're expecting steem to fall as low as $1? That's pretty bearish!! Although I must admit, the market does look pretty bad.....but I thought steem could never go back down so low LOL!! How low do you see SBD going?
Not to be a debbie downer, but keep in mind that SBD was designed to be soft-pegged to USD. So 1 SBD = 1 USD. Per the steem white paper.
I guess question for @ew-and-patterns is where will USD be in Aug 2018? 🤔
Yep totally, that has bugged the hell out of me. At some point rumors were, the witnesses were trying to peg it back to USD. But is that possible in a decentralized system? IF it is possible, exactly how decentralized is the steem blockchain?? Hmmm, exciting questions!! xD
Now wishing i'd paid more attention in all those economics classes. Maybe thats what they were talking about...😐
Good question. Can one currency be pegged to another in a decentralized system. Will try to find out...
HAH I didn't even take economics classes. Had accounting for a year and dropped it because I hated it so much 😁
I'd rather expect $1.61 where the next major support stands at. Moreover, STEEM/BTC is already about to land on a major support line @ 20900 satoshis. Expecting a lower drop is very risky and would make many miss an opportunity just because of greed.
So have we hit bottom or is there more to go?
$14 STEEM sounds awesome!
Maybe... maybe. I want to see 14€ in August 2018.