STEEM - The support line at 2$ is holding the drop
Hello all,
Here is the chart of yesterday :
Here is the current chart :
As you can see, the symbolic support line at 2$ did well her job of support as we haven't been able to break it. The support line sent us in direction of the previous support line in bleue. Let's see which direction we will take. If we are able to break the line in blue, we could have a little bounce in direction of the yellow line. However, if we cannot break it, we will quickly go back to the support line at 2$ and try to break it again.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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I keep debating with myself if I should invest more on Steem right now or not. I bought last when I thought 3.50 was a good deal. So now, I'm seeing this as a mega-sale!
What scares me is that I keep seeing the typical furniture store banner out front with big red letters: "Going Out of Business Sale!"
I'd say buy - but I also said that at $4 😀
Seriously buy and buy even more, when ♨ goes to $1
I'd do that, if I hadn't already invested all my fiat 😀
Even for 20$ - would be cheap - and NOW people crazy - just because go down ... 50 cents...
You would be - remember my words... Steam will cost more than 1000-1500 USD.
I have just followed and upvoted you
Have you thought of averaging in? Buy little once every week for time period of 4 months for example.
I was so afraid to buy more at $1 I remember :D Which turned out to be a good investment. I consider 2$ good as well, and this is "hoarding SP-time" for me as I don't have much to put in ATM. We could possibly see $1 Steem, but that would be very short term as people would hoard!
hold is broken steem at 1.87$
There are two concerns: the whole crypto ecosystem and the steem platform.
The crypto system is struggling with those governors and lobbyists who hate ppl taking control of money flow and banking
But steem struggles with lack of insight information. WE need to know more than the white paper published. We need to know about and participate in the business model
Steem needs a growing middle class to stay sustainable.
This is my belief
I think that, watching STEEM - on every hour, on every tick of price - give too much stress :>
I think - that soon price will explode.
Now I am soo bullish. Even write about that today:
Why I think 2018 would be a year belonging to steem
STEEM - is oversold to BTC - at least 10xtimes...
Soon - market need to find consensus. So price would go up.
Of course it is very oversold - but where is very overbought (bubble) area? 100x higher?
It could be bearish maybe 10000X - when current socialmedia - start to fight... in several years.... to get back position. :-)
Hari yang baik
I think the decline will continue until Bitcoin price is $ 5,000.
It's really going down. Do you have any ideas when it will rise again?
Good job but all make btc:p
Steem is at a very low price right now, but the crypto market has been more unpredictable as it ever has been. For example, you think 9,000 is low proce for Bitcoin and then next thing you... It drops 1,000 dollars! And this can be very possible for Steem too. I honestly wouldn't be suprised if Steem goes below $1.75 because of the volitilaty of the crypto market. Other than that, I really liked this post because of the graaphic images, keep up the good work.
thank you for giving very useful information, sometimes we like climbing froth.
Warm regards.