Can We See Steem At $2 Next Week?
On a rather unexpected move, STEEM broke the 52k satoshi line during the last 4 hours and it seems to be moving up, on a significantly higher volume. It currently trades at 57k satoshi (roughly $1.4).
As you can see from the screenshot below, there's a lot of "unfinished business" at 57k satoshi.
I'm not a professional trader and although I did some FOREX 5 years ago, I don't have a magic ball and I can't predict what I'll eat for breakfast next day, let aside the price of a highly volatile crypto currency, but my uneducated guess is something like this:
If STEEM manages to keep this position for the rest of the weekend, or, in other words, if there'll be enough demand at this level, then we can see a rally starting Monday, which will test the 64k satoshi level. That would roughly mean $1.6. At that level I see a significant volume, many hands will want out, so there might be a correction. But IF the correction doesn't go below 57k satoshi, then sometimes next week we may see STEEM tickling the 75-77k satoshi, which he briefly visited on May 8th. That means roughly $1.9 at the current Bitcoin value. As you can see there are a LOT of ifs in this uneducated guess. Still unlikely. By all means, don't take this as a trading advice. Even better, don't take any trading advice and only trade what you can afford to lose. All markets are by definition crazy.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
It is highly possible, lets hope for the best :)
right now..
steem -$ 1.432351659 (down from $1.47)
steem dollar -$ 1.9661721816
With what we've seen, nothing would surprise me at this point. Crypto is a wild ride.
Agree. On a side note, have you decided on your witness votes yet? Just curious ;)
Funny you mention that, I was just thinking I should vote for you. It'll have to wait until I get to my computer though.
Thank you, appreciated :)
I bought quite some at 44K, transferred half here and put rest to sell at 49K. Seems I should have put it not at 10% but 30% up ^^
You never know before. In hindsight it is always very easy.
In hindsight, we're all traders.
Very possible. We will see!
Yes, exciting times :)
Let's hope for $2+ asap! I have been using the market tool I learned about from you to convert to as much Steem Power as I can (I just learned today you need 300 to get curation bennies - I have a ways to go!) Thank you again sir @dragosroua my witness selection!
What do you mean by 300 @lanceman ?
Per @jeff-kubitz - "Comment on their work - Commenting is called CURATION
a. You must have at least 300 SteemPower to receive curation rewards"
See: https://steemit.com/steemit/@jeff-kubitz/steemit-500-followers-thanks-and-minnow-inspiring-advice#@lanceman/re-jeff-kubitz-steemit-500-followers-thanks-and-minnow-inspiring-advice-20170603t190650124z
It's down to 50 :( but we can certainly hope for the best!
Exciting times ahead! :)
Very interesting. Thanks! :)
who is sitting out there with a big pile of cash waiting to pump Steem up to $2?
I knooow you're out there
BUY BUY BUY
;>
Yes. That will convince them to buy. Obviously:)
I knew I should have offered a cookie, too ;>