DAILY STEEM REPORT JULY, 17TH ★ STEEM 0.99$ + 593 New Accounts
Bull trap or Bottom? Thats the question here! Some say the market goes down until the end of the month because of BTC's Fork, others saying the Bottom is reached and the correction is over.... I am not very sure where we are today... at least Steem price is up :) So whats your opinion? I think there is still a lot of fear about BTC and people are cashing out to FIAT until the Fork is done.... on the other hand would you cash out right now after it went down so much? I HOLD, sold nothing at all....
The price will drop till the end of the month. This is just a rise after the weekend but it will be red soon enough
Thats my opinion too !
i am looking for monthly active user. Any idea?
https://steemit.com/steemit/@knircky/looking-for-active-monthly-user-stat
Upvoting for visibility
https://steemdata.com/charts
https://steemit.com/steemit/@penguinpablo/weekly-steem-stats-report-july-17-2017
Thanks for the report. I will be holding. I've seen this story before!
And I guess it is not the last time we will see it :)
From an elliot wave perspective, BTC is very likely not done with the correction and it is a bull trap. So STEEM is likely in a bulltrap, too...
I think against common belief that the fork will push everything higher.
Actually, I also thought this might be the case. It's possible that the market might act contrary to expectations and go down still after Aug 1st. This is more in align with contrarian thinking.
I seriously hope it is not going down much further after Aug1. Because if this is not a corrective double ZigZig but an impulse, I have to favor targets of 1160 to 660$. That would wipe out 80% of the marketcap. Not good.
I actually don't think it'll reach $1,160. I think even before it hits that price people would just start to buy in since it would seem to be a good value.
This is what my indicators also tell me in weekly timeframe.
What exactly do you mean? 1160 or just bulltrap?
I wouldn't call it a bulltrap rather than just shorts reloading before final push to find a proper floor to this bear market.
Please read my last article. The situation has changed. There is not need for a new low anymore. This is an impulse wave so therefore no bull trap is expected anymore...
Always link your article if you want it to be read. Monthly indicators still high, wouldn't be so sure myself.
I just moved all my BTC into altcoins rather than holding through the fork. I'm not convinced the miners and competing interests are willing to loose a little short term to gain alot long term.
In the event the competing interests can actually get their shit together, history has shown altcoins will generally rise in the wake of a rise in Bitcoin, so it would seem altcoins make more sense than BTC for the moment.
My $0.02 anyways.
Thanks for your 2 cents :)
HODL Steem but we have not seen the big pull down in cryptos yet, I see it coming in the next two weeks, get that cash ready to go in :)
yea, fasten sit belts at least until 1st of August (then if bitcoin hardforkers mess up.. god save us all, lol, but if they don't there will bull time again)
Guess time will tell...
Thank you for the daily information. :)
it is very scary market
Thanks for your up date. Always watching for it.
we're on bottom