STEEM update 28.08.17

in steem •  3 months ago

STEEM is close to the turning point. It can go a little higher and start a little short squeeze, but it does not have to at this point. STEEM is already looking bearish.

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In my last post I pointed at another five waves up, then down

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Now those five waves could be completed or completed soon, starting the final pain for STEEM.

K637dFpB.png

If this pattern is completed, there is a high chance of very good times ahead for STEEM🔥🔥🔥 So let's hope for the best.

You might not know this, but after such a deep correction (which is rare), a very big wave up is expected afterwards️ 💗. Cheers to that...
image (5).png
If you think this to be useful information:
DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif
image (5).png

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 :-)

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That so scary to go down a bit. That timeframe on D1. Strong movement soon

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Yes, it is scary, but in the end it will help us push the price to the moon.

Well, the recent news from Steem shook up the price a bit, but it seems the effect wear off now...

Thanks for the analysis

I will take your analysis

Very interesting, how far up do you think Steem can go eventually? 2 USD?

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I don't think this is very likely anymore. My maximum target was 2.1$ @ 4300 BTC but there is a big bearish 4 hours candle right now...

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Things move fast on crypto hope 1.8 price soon.

Great observation! Most Steemians are having so much fun with the new platform, market increases are welcomed icing on the cake.
Peace.
Please allow me to ask that we remember to keep those going through TS Harvey flooding/destruction in our prayers for a swift restoration.

Very useful TA. The multiple charts with comments on each is very helpful.

good analysis....

..top info..we ll see what happens..follow you..upvoted..resteemed..

This post received a 1.5% upvote from @randowhale thanks to @ew-and-patterns! For more information, click here!

I am gonna rely on this in my small steem investment. Keep it coming...hope for a bull.

Wow, thanks for doing the math I never could... So you're saying now would be a good time to buy Steem Power if one is interested?

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actually I would wait a week or two. If it goes down as shown in the picture, wait it out and buy super cheap like me... I already have fresh funds ready and waiting to be invested in STEEMPOWER. I will update mny follwers when I buy

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Righteous, thank you

Hi, can you please make chart with steem/usd too because btc is rising and it might seem that steem price is going down even if it has the same usd price.

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I will take a look at it but I think the count of steem/btc is more useful to see the end of the correction