STEEM: Bull Flag Pattern Looks Mature

in #steem6 years ago

SUMMARY

STEEM has been traveling between two parallel lines as shown in below chart. This downward pointing pattern is called a bull flag. Why is it bullish? As price starts from the top and steadily declines within the boundaries of two paralle lines, the sellers are getting depleted. When sellers get depleted; there comes a point where the buyers get the upper hand and cause the price move up. IF this is correct and the bull flag breaks out, then the blue impulse waves could lead to the completion of the fractal.

The closeup shows the wxyxz (blue) complex sequence of waves. This is confirmed by the subwaves of each which consits of red abc three waves. Could the price dip one more time towards the lower white line? Yes, so what is needed as next is for price to breach above the upper white line and start impulsing.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Funny, you got more votes than views.
D.

thanks ShiFu @haejin

This haejin post has been downvoted, it is a @flagtarget.

READ: Resteeming @haejin's 8th 9th and 10th post of the day as target to be flagged.

They resteem 3 of @haejin's posts a day, and we concentrate our efforts on removing the potential rewards from those three.

Then @flagfund pays "The Braves" who flag those 3 posts every day, as you can see their posts are doing quite well.

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your really an idiot with this shit. had you put money on ARK or STEEM when Haejin posted about them about 3 weeks ago you would have made massive profits. scroll back and look and then look at the chart. dude isn't always right but he is analyzing for free. iv never gave him anything but my basically worthless up vote and he has helped me make massive profits. why are you knocking his hustle?

Even a broken clock is right 2 times a day :)

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Source: Haejin portfolio day 48

lol youre so wack

pshhhhhhhhtttttt HI HATER. you look like a pathetic jealous tool. what type of cashless fool sits around and hates on another mans success all day?? dudes putting out content. right on wrong thats what the platform is for. he is making it work. "respect the game and that should be it, what you eat don't make me shit."

Built into the blockchain is the ability we all have to adjust potential rewards, we have 7 days to do this for each post. So you "respect the game".

@yesman1 you're on the @abusereports naughty list! Bad Steemian!

Do you really see steem going to $29 in a quick spike then down to $2?

Does it have something to do with trading bots and the july 2016 high of ~650,000 satoshis??

That was when I fomo'd into steem, back in july 2016 when I joined...threw around 1.6 bitcoins into steemit and powered it up, even got a big upvote from dantheman for a clever comment I made that ended up netting me 100 SBD...

Still at a massive loss in terms of bitcoin so a spike to $29 will be a nice little boast...but I need more gains than that to ever get the value of those bitcoins today back

i really dont trust bitcoin this days

 6 years ago  Reveal Comment

your really an idiot with this shit. had you put money on ARK or STEEM when Haejin posted about them about 3 weeks ago you would have made massive profits. scroll back and look and then look at the chart. dude isn't always right but he is analyzing for free. iv never gave him anything but my basically worthless up vote and he has helped me make massive profits. why are you knocking his hustle?

I'm still holding 'steem' and waiting the target!!

Thank you sharing your posting~
좋은 하루 보내세요^^

Hahahaha very bad @haejin
Your post already raed signal for @rzaman
My dear friend @berniesanders and hendrix22 please come back @haejin Post and flag this bad Post.
My all comments flag for @haejin and @haejin all friends.
Please help me my dear friend @berniesanders and @hendrix22

I have tron maxing out and altcoins really showing more buy the end of the year

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
EOSEOS18.633$6.77%28.18%
QAUQuantum0.160$0.67%5.38%
STEEMSteem3.979$5.18%6.68%
WAVESWaves7.441$11.64%41.75%