Steem Price Up Movement
So a few weeks ago I posted this https://steemit.com/steem/@danlupi/steem-chart-looks-super-interesting-10-dollars-in-about-4-to-5-weeks
Again the current movement confirms we are in a large range that just broke.. The large range is $4.58 to 8 cents. According to Wyckoff u have to look at this range as an accumulation and the length of the horizontal can be tilted vertically.
If we do this we get a target of 16 dollars. I am pretty confident we will hit this in February. I you look at the previous rise of Steem it takes 3 months of up movement. as show in the chart below:
u can see the middle of the chart where the last run occurred around July , it looks very similar to current run.. So we have another month left of up side. but if we break the previous bitcoin price then we could see a much higher move.
As for the chart in usd... if you take the whole base and make it vertical then u get the 16 dollar prices.
What do you think is bringing the price so high? What are people using STEEM for and are they doing it over other coins?
Just a wave of new money and investors in the entire crypto space.
I'd be curious how many of them know the difference between the assets at all.
from a charting perspective its the accumulation over the last 1.5 years. Its also the recognition that Steem will have smart media tokens. Most people investing for this reason are anticipating another Ethereum. Who knows.
Ok so i do not get it. this post has one upvote but has a pending payout of 10.04. I then upvote it and it moves to 10.05.
It felt nice to see that I had a nice little stack from steemit. It is a cool site. I messed up my rating a little while back. I have been trying to get back into good standing. Soon :)
This is very good news for all steemians.
Keep Steemit, steem, SBD rising. All the best steemit community, @danlupi
Hi @danlupi, I nominated you to take part in the 7 day black and white challenge in my latest post!