STEEM Price Basing In Process but Support Must Hold Against Decisive Breach

in #steem4 years ago

SUMMARY

STEEM is reacting by following BTC in the current minor pullback. However, the big picture is always the best context. The chart below shows that most likely, curren price move is corrective and not a crash scenario. STEEM moved from a very long rounded bottom consolidation and after a lengthy correction, finally generated the five wave impulse. What happens after an impulse of five waves? There is a requisite retracement which can be in the form of an ABC, Triangle or Combination.

I've adjusted the triangle lines to better encompass the price moves. The ABCDE waves show that it could be nearly complete...very close. The only condition is that the bottom white triangle line must hold against any decisive breaching. Price proximity to the Apex should truncate after a couple more days of price action. Once and IF wave E completes; a breakout can be expected. Let's see how the overnight price action takes us.

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I've posted two scenarios with same price target. I think we're going to $31 in a year or so. What do you think long term?

STEEM - Analysis - The Future For STEEM Price ($31) — Steemit https://steemit.com/steem/@benkalashnikov/steem-analysis-the-future-for-steem-price-usd31

Screen Shot 2018-03-08 at 17.33.31.png

Its been one heck of a drop, everything is way oversold! Gawd

Personally I hope it doesn't crash, cuz I have a 4,973$ funeral bill I need to pay cuz my grandma died a week ago. So it's struggling rn.

Your TA is garbage.

Just recently you predicted steem to break out and hit $20+.

Anyway I'm not hating on you..

What you are doing here.. is perfect.

The REAL REASON WHY OTHERS ARE BITCHING....

THEY JUST CAN'T RAPE AS GOOD AS YOU...
And that is what really bugs every sad motherfucker on here.
It bugs them that they can't maintain a steady flow of rewards as yo and your support do.

So... shit.. I'm enjoying the whole show.
It was the inevitable. And the best is yet to come.

good steem money cryptocurrency post thanks for shearing

detailed, useful analysis thank-u @haejin

Thanks for an informative post. I do agree that long-term is truly the way to look at the major cryptos out there, and this little bump in the chart is really no big deal in the long run! Keep up the research and sharing!

Deae Haejin I am a very long time follower of yours, I finally made my Steemit account and I look for reading more often your useful information

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin10009.400$-7.66%-4.79%
EOSEOS6.547$-10.31%-22.98%
QAUQuantum0.186$-2.86%-16.45%
STEEMSteem2.805$-13.75%-14.31%
WAVESWaves6.282$1.16%-0.66%

Wrong as usual, but who cares right ?

Nothing personal, but I would not buy shares in this lopsided clap trap even if you and berniesanders gave me the money.

Haejin you are correct, looking at the current market price morning and the rate at which STEEM and SBD is falling is nothing to write home about.
I believe it will rise again

Get the cart and load them up with STEEM!

I have read from various commentators and everyone seem to agree with your submission that:

However, the big picture is always the best context. The chart below shows that most likely, current price move is corrective and not a crash scenario.

This current volatility will ease out.

Bueno, hay gran depresión en el mercado. Solo una buena noticia puede elevarlos. Mientra,s el que pueda que compre.

Congratulations @haejin, this post is the sixth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 43 and the total pending payments to posts in these categories was $4302.41. To see the full list of highest paid posts across all accounts categories, click here.

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Thanks for the information, but I kind of find it hard to read graph.

Unfortunately there seems to be no differentiation between one crypto asset and another at this stage... When one goes off, they all seem to follow.

Good analysis

Very informative

Write me in email here -

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or if want say and me send you my skype id and we talk

There is plan to destroy you,

  1. @transistor. He pretend acting fair, and explain why he flag you, but he is hypocrit which only want you to look bad, that you not want to peace. He is look for excuse of turn 100% against you. I swear soon he say you are bad and he will begining flag you everyday. You wait see.
  2. @hendrix and @lindsaybowes are lead the group of smear and blackmail of post meme and abuse you. Their task spoil your blog and make commenters go away.
  3. @drpuffnstuff and @meoknows their task to pretend explain to people on comments how you are bad, and you and rancholrelaxo are together. That is task of them. Do you see they are comment everytime.
  4. @berniesanders task is distract you in quarrel and thereother ones keep operating underground and him he only organize.
  5. again careful to some commenters who are pretend to support and ask questions. They ask question pretending and @meoknows and @drpuffnstuff come and answer to make you bad person
  6. forget peace @hajein, plan how defend yourself or you be destroy by them. They buy time of plan of destroy uou
    its big plan, for long time. I swear. And they are open more many accounts for fighting you and commenters.

If you not plan well, they destroy you. Plan is big and long time. They hate you. And not stop until you destroyed. Don’t listen of peace.

They not want peace. They want distrakt you with say of peace peace, but are planning from behind.

Write me email I tell more and evidence also, becaiuse they flag my account and comment

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