STEEM update 12.10.17 - the end is near

in #steem7 years ago (edited)

What end? Duh... The end of this exhausting downtrend in the price of STEEM of course...

This is the current development of the waves:


As you can see, we are in the final stage of this downtrend and I will soon make one final big transaction of fiat cash into STEEMPOWER

I have been right about this count for months now. I told you 2 months ago what had to happen for the trend to reverse. We need a panic low. An we will find it soon. Remember this:


Or this:


And compare it to this:


I would say this is pretty damn accurate forecasting. Yes, STEEM really took its time in this bulltrap wave 4, but the standard ZigZag pattern that i projected did happen after all. 5 of c black is going to be completed soon. I can't wait for the explosion ;-)

This weekend might be a good time for my big transaction. Why? Because a panic low usually happens faster than expected.

Stay awesome and stay tuned for the next update tomorrow or on saturday.

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If you think this to be useful information:
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DISCLAIMER: I provide trading ideas using EW and Pattern analysis. 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 are. The author of this post is holding positions in this market at the time of this post.
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.

Tell me what you think...

Have a nice day :-)


UPDATE: The strong support at 1$ STEEM is gone for now.

Wave 3 black is done already. Waiting for wave 4 black today. The downtrend could be over tomorrow.

This downtrend has to do with a lot of people living on steem. They acquire a lot of steempower and they cash out their earnings.
It could be steemians that lose faith.
It is hard to see a tiny group eating the cake 🎂 without posting anything.

With the coming SMT Token I vibe on this . I will certainly be trying to buy more as soon as possible

Lets hope...

We aren't giving up just yet.

Enjoyed reading your analyses, I hope you are correct on both steem and btc retraction, I know I would see that as a buying opportunity should bitcoin pull back to 3000. Thanks for the info

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Your post gives me so much Hope. Hopefully, it comes true.

Are we off!?

No we are not, watch my most recent post please for more info.

You arent the only one counting a big reversal in BTC.

I foresee the explosion in Steem also. I am sure it is hard to tell but where do you Fib retrace levels put the explosion in your opinion?

I can't make a fib projection until wave 1 and 2 are finished. It could be anything between 4 and 10$ for big wave 3.

BTC wont pull back before October 25... People is buying BTC to get free bitcoin gold...

You may be right because of the fork and that's ok. But one thing is for sure... You will not see 100-200$ up every day until the 25th...

Also hope you are right... So i can sell some steem high and hold more BTC until the fork... Then i should buy again more cheap steem after dumping the BTC gold...

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