STEEM Update: Frustrated as to why STEEM Isn't Going Higher??

in #bitcoin3 years ago (edited)

SUMMARY

I know many have put their hard earned cash into buying more STEEM or STEEM Power. And the dragging on and on and on of this correction is causing many to become frustrated. How is it that STEEM is taking so freaken long?

I've labeled an innate trait of Cryptos as "Hurry Up & Wait" syndrome. You see, every crypto has this syndrome, it's genetic imprinting. Cryptos all tend to hurry up on the impulse Elliott Waves but then get real slow on the corrections. That's exactly what STEEM is undergoing...the slow phase.

So, what to do during this slow phase? Have some ice cream! Write more good Steemit blogs and quit staring and keep checking on the STEEM price! IF you see how ZEN has given MASSIVE profits with near identical chart pattern as STEEM, patience is warranted. One might consider adding at such attractive prices because once STEEM breaks out of the horizontal channel...it won't look back or revisit current levels. Much of Technical Analysis requires a immense dose of emotional maturity and for those who are lacking, it teaches it in spades!

The chart below is the grand Chalice of Wealth! I've added a forward discernment price pathway with perhaps a miniature rounding bottom or even a small cup & handle pattern...but what is very clear to me is that $4 won't be too far off into the future.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
--
--

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf


Legal Mumbo Jumbo: 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.**

Sort:  

Thats why i invested another 10.000$ today into STEEM and powered 50% up

I wish you MASSIVE profits!!

Thanks @haejin! For me its more to support the community then profits!

That is great stuff thanks for the support we appreciate it!!

I guess I will have to eat that ice cream in the meantime. I hear that Lisk is going on a Korean exchange tomorrow. Could have some price movement...

With the Blue paper we will see $100 STEEM by the end of August 2018

Forget the ice cream! Better to accumulate some more Steem:)....

Global Blockchain Technologies announces $20m fund to invest in Steem SMTs

We will see STEEM at $4 by New Years.

Absolutely! Use the ice cream money to buy amity 12 STEEM!

What do you say Matt? Legit or not? No other news.....

Keep an eye on @lukestokes weekly report detailing who bought steem onto the platform and who took it off. If it’s legit, it will show up on there over the next few weeks

It's official... 6 hours later but finally announced by Ned.

2afc32b4-a94b-468a-9073-0169241e8e8c.png

Amazing news! Thanks for spreading it!

I have never seen myself before in a GIF, wonderful!

What are the chances of Steem going lower/cheaper? Is ther sush a scenario?

$0.72 on a brief spik? If so, BTFD

People becoming frustrated says it all to me. This seems like psychology 101> As more and more people become frustrated the bottom becomes carved out.... Once all those people have sold and given up that is when the train leaves the station and fast in crypto......... then all those sellers who missed the train are the ones that are the fuel for the next rally. TRY THIS GAUGE YOUR OWN FEELING and as you feel more and more frustrated don't sell just take a mental note.....then just work on your patience and calming techniques as the bottom sellers gets exhausted!!!! Then as haejin says KABOOOM! Then as your profits start rolling in again take a mental note of your feelings!!! Now as you go through this process over and over again you will become better and better at it. !!!! Learn to notice small changes in your trading and behavior...Asset allocation you can read from a book. but risk management is only learned through trail and error!

Ice cream works best!

What do you say when Steem is not going up fast enough?

That's why they call this the accumulation period.

Also a reason why a good investor said, when everyone is selling then you should be buying and when everyone is buying is a good time for you to be selling.

Yes Sir!

I wish you MASSIVE profits!

As the Oracle of Omaha says: Be fearful when others are greedy, be greedy when others are fearful!

Wait... STEEM is a SHORT TERM Investment??

Somewhere I missed this in the description. I was under the impression STEEM was something to hold for 10 years. I mean, it has a 2 year power down schedule. What's "short term buy and sell" about this coin?

Go Be Awesome! :D

No, the target is for a short term time frame. Its long term. Often i provide short term analysis and related target.

As long as the number of members grow its good!

Good if they buy. If they post and power down it’s bad as that will continue to depress the price. We need curators who buy Steem not posters who power down.

make sence :)

This had been a littlw frustrating because as a newbie 2 months ago i had only $3000 to invest and bought all the hype and nonsense from youtubers and put most of my money not knowing anything in steem and then locked it in for 3 months not knowing much so i have had to watch steem shrink and other great opportunities fly by, but i have learned so,much over the last 2 months.....you have been awesome to learn from, i still need to learn how to read elliot i have been studying candlestick

Yeah,it was helpful. Thanks mate,you should post more stuffs like this to Kindle the ray of hope among us. It's much needed now.

Because steem depends on steemit. Steemit is like wallmart.

I’ll take some of that $4 STEEM, please! 🙂

At that price you can buy some of mine!! 😀

Nice though bro have an ice-cream ad enjoy

I thought I was just having fun at first like seriously...Thanks for your at least now I know something about steem-ing haha

Good to hear, def been a hurry up and wait with this one!

On a different note, for those who had EBTC and missed the swap and got screwed (like myself) here is a possible piece of good info to recoup any losses. Not TA (sorry Haejin) but hoping it helps anyone that lost out from the swap. Could be a good time to buy in right now. Straight from the EBTC telegram admin:

Gio Van:
ETA: 14/11/2017 - 10 am GMT!
Make sure you dont miss it!

https://www.worldtimeserver.com/current_time_in_UTC.aspx

The link is a George timer

Ha yeah that was just included to tell people the time zone difference I believe.
Here's a screenshot of the actual message. Actually went up over 100% a couple hours after I posted this. Seems to be correcting a bit now.

Coin Marketplace

STEEM 0.17
TRX 0.03
JST 0.044
BTC 10976.51
ETH 383.02
USDT 1.00
SBD 0.98