STEEM: Is This a Good Time to Buy?
SUMMARY
Hm, lots of Steem update requests..almost daily. The chart below shows a potential Cup & Handle formation which others have correctly pointed out. IF this pattern is correct, the handle can't go below the lowest price point for the Cup or else it'll be invalidated. The handle is labeled as an abcde price structure. However, depending on how Bitcoin takes its course of the he next few days, a lower low can't yet be ruled out.
Still, the breakout looks to have vaiability, especially if price takes the purple route of impulse waves upwards. The white abc could continue until mid April or so.
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thanks for sharing! waiting for steem to climb up to more than $5...
+++Time to moon again
Please update EOS
Great explanation . Yes I am agree with you that The white abc could continue until mid April I want to add that if anyone think for longterm entry he or she can take partial entry here... I am upvoting you , hope you will continue to give us such as good content
So if steem goes down to lets say 1,4$ this means that symmetrical triangles mean nothing and this was not a breakout, right ?
pretty much.
How are the fundamentals and existential risk from Larimer?
Even Larimer still will have to develop the system. Steemit is 2 years old, and Eos is still not implemented. These risks seems to be overly exaggerated.
This is a good time to buy, i reckon. The price of steem should be able to rise sooner. You predict well, @haejin. Thanks.
Meanwhile, i am a crypto enthusiast, but certainly not yet as adept as you. I will be hanging around your blog frequently to get some lessons and tips.
Time to BUY, if you ask me, @haejin. This is the time to buy. May/April, should bring good news for steem.
Cheers
Though I'm new to steem, I think it is a great idea which will change our opinion regarding social sites.
Now we have additional value for our time spent on these sites.
Hence I think it is the right time to invest in Steem.
Hope to have support from experts to encourage me in my new journey
I hope EOS steemit Dan mentioned recently will be much better and this old Steemit will eventually become obsolete.
I don't want to buy Steem just so few whales can benefit greatly.
You analysis is actually fire ,
cheers man love the work.