STEEM update 05.01.18

in steem •  2 years ago  (edited)

The STEEM/BTC pair looks extemely bullish right now. This corrective ABC pattern should be finished in the coming days. I expect another pump right afterwards.

z13zJWZN.png

The STEEM/USD pair is looking bullish too, but not as much.

cRkCAoJm.png

And here we have a big picture analysis of the STEEM/BTC weekly chart.

QtXi0lTs.png

At the current price of BTC, yellow wave 3 would be at 42$.

For me this means I will accumulate as much STEEM as possible and will not even think about cashing out in 2018... Maybe taking some profits into wave 5, but that is it.

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If you think this to be useful information:
DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif
image (5).png
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
image (5).png
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.

Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)

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Nice analysis, let's hope it works out. I think BTC is setting up for a run

Frohes Neues Jahr wünsche ich Dir es hatte ja schon gut angefange für uns Steemians mit $ 8 für STEEM hoffe es geht noch höher in diesem Jahr.
Ich würde mich freuen wenn du mal wieder in meinem blog vorbeischaust und ein nettes Comment hinterlässt.
Mfg Danyel

I've been contemplating the tax implications if STEEM continues to rise and my payouts do too. It could make it so I owe quite a bit for 2018. Being a U.S. citizen has its advantages but our tax code SUCKS.

THanks for the analysis. I think STEEM needs to consolidate a bit before another move up as well and this dip is just part of it. NOthing to worry about. I never dreamed it would break $5 by this point anyway so this current price that's a bit lower than the all time high is still awesome in my book.

Thank's for the input.
I also see an uptrend for steem. A good indicator is the growing steemit-crowd. The increased awareness is in the end the only relevant factor for a steady uptrend (for the long run). My personal opinion is that steam will reach up to 25 USD by end of the year :) Let's see

Thank you for this information
Keep going

I was just contemplating on doing so. But on hearing this... I guess I shouldn't hesitate

I think I needed this..am shutting down my account for steem

good post

potential for growth is still enormous @ew-and-patterns

meme1.jpg

That's what's up.

thanks for the information you have my vote and I'll start to follow you.

TO THE MOON!

  ·  2 years ago (edited)

On more serious note i'm inclined to agree with you. It doesn't matter if steemit crashes tomorrow or next month it's a long term investment just keep squirrelling it and smile when it starts challenging major social media platforms in a few years.

such a great statistics ,all crypto are increasing masivly

great post.upvoted and resteemed.

amazing post @ew-and-patterns
information article.

Steem to the moon soon?

SMTs will do crazy things to the price of STEEM. Currently nobody is really using the bandwidth we get. When I go to https://steemd.com my bandwidth is always over 95% free. In the future there will be a huge market for SP delegation. At the current level barely 1% of the network capacity of STEEM is used. Buying STEEM now is like buying a Gold Royalty company.

YOUR FORECAST IS VERY OPTIMISTIC. Thank you for your work.

I will not sell steem in 2018!

I resteemit!!

Should I converty my SBD into steem now or wait for the ratio of SBD : Steem to go up to 2?