STEEM Smashes out of wedge consolidation on Smart Media Tokens announce
Daaamn Steemit Inc. - I love it when you do it like that.
We are out of that god-awful consolidation folks and could well be looking at record volume by the end of the day:
The Smart Media Tokens white paper dropped a few hours back and the bulls have gone wild. We have 6 hours til the close and volume is already at a 3 month high. We've had a ton of false starts over the past couple of months, but this break looks like the goods people.
Currently testing 36 resistance with a break higher targeting 48 and beyond. Only a close below 24 would turn me neutral on this pair.
@Ned can you please organize listing on a margin trading exchange ... seeing a break like this and not having access to leverage is just horrible.
Crossing fingers for this time to be the one!
Pretty exciting time for steem holders. A textbook break like that is sure to have excellent follow through if we don't get any macro surprise that dents the broader crypto sentiment.
You mean like the Russia news overnight? :\
Can't catch a break ... still I think we will be OK looking at BTC chart, just a hiccup and fingers crossed it doesn't turn into vomit
Russia is not really as big an economic power as it is a diplomatic and military power. I'd be surprised if that news made much of a dent in market sentiment and it looks like just mild FUD to me.
Considering Putin actually met with Vitalik Buterin back in June to talk about crypto opportunities and in August announced plans to build a massive bitcoin mining facility in Russia....I think Russian attitudes toward crypto is still bullish.
Yeah I was a bit confused by the mixed messages too ... BTC no longer looking heavy, higher low ... should be sweet. I'm long 2 coins with 450 bucks margin hahahaha
Edit: This should more than balance out https://www.coindesk.com/us-currency-boss-opens-door-licensed-bitcoin-banks/
Fingers crossed but its about time..
Need Bitcoin to catch a bid before it scuttles everything ...
Great post. Thanks for sharing.
Yes, today's move is finally giving us something to chart. :-) I'm waiting to see where this daily candle closes. If we can close above 35k satoshi area it would be very positive as their is much price action there over the course of the past year.
SCG - my man. We got that close, but FUD out of Russia and Bitcoin heavy - can't catch a break atm!
Yeah, sadly I have a "show me" state of mind with steemit price action these days so was waiting to see that daily candle close above, no dice! So enough if we keep getting good news out of steemit though!
Yeah we should see another wham of buying interest when the mobile app drops ... it's getting out there too, saw @nictrades who's a big swinger on forex twitter tweet about that wedge setup yesterday!
Well, we are seeing another push today with steem/btc price pushing 36k satoshi as I type. Waiting to see where we close though.
I sent you a DM on discord, let me know if you have any interest on doing an interview for my show. Had choogirl on last week. It's nothing too serious just a convo between steemit users, can talk about MB too if you like.
@bulleth got you a $8.14 @minnowbooster upgoat, nice! (Image: pixabay.com)
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Just catching up on the release now.
How good is that! :D
Yeah, will be very interesting to see how it works ... pretty crap this came out on the same day as the ASIC announce making local ICOs red-tape central
Everyone is going to regulate ICOs now which is probably a good thing. It doesn't effect good companies or hinder crypto going mainstream. Who cares :)
Yeah it just sucks if you wanted to do one for some wicked idea!
Just did an interview with @scaredycatguide for msp-radio - gave you a shout out or two and quoted some of your wisdom re: bitcoin, bubbles and taxi drivers!
Yiiew, link me on Discord or something :)
Do you think that the timing of this announcement was a coincidence? Smart PR strategy is to release good news at the "decision points" of technical analysis patterns.
That way you get a positive lift in price both from the already invested (most of which are probably in based on their belief that it will grow into something big, now reinforced) and the specualtive (trading) crowd.
Yep also sentiment was probably a factor, they may have released this earlier if it weren't for China. They did give us a heads up last Month saying September and it's very late in the month. I'm going to have troll through the white-paper today and see if I can make sense of it.
This is huge news, steemit's system being open to be implemented to other sites like wordpress. Once bloggers start using it, steem is going to revolutionize how content creators make money and kill annoying Google ads which no one clicks on anyways.
Would be great too see them take off!
Steem target $14; it's a chalice of wealth:
Seems very ambitious, ton of measured resistance between here and there!