STEEM Forecast . 300% Gains in 2018

Are you an investor that wants 300% gains in 2018? Do you want to HODL a cryptocurrency and triple your returns? Perhaps you should consider STEEM, one of the fastest, and most widely used, bullish looking blockchains today.

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There is a lot of discussion about forks, privacy, scalability, and dirupting revolutions in blockchains. Many exciting projects are already on the way with many more on the horizon. One that continues to deliver and grow through innovation, performance, and scalability, is STEEM.

As an investor one looks at fundamentals and technical analysis. The fundamental analysis is out there for you to explore. But a couple of keys to steem's inevitable success is not only it's fast transaction times, but also it's sheer number of transactions per day. 3 seconds, over a million times a day.

It's worth recognizing other blockchains claim to serve a specific purpose. Most of them can be categorized as a new way of buying and selling, transferring value. However, amongst some of the blockchains that claim to be leading the FinTech revolution: Ethereum continues to struggle with scalability, Litecoin & BCash while faster than Bitcoin are still slower than steem, Ripple has yet to be truly tested, Dash struggles for adoption, and all of them have considerably more fees than Steem. The only fees for Steem you'll see are from an exchange, otherwise, it is free.

As if that wasn't impressive enough, steem's utility goes beyond basic transfer of value. Steem is disrupting the transfer of information itself. As a blogging juggernaught, steem is becoming not only the go to destination for up to date cryptocurrency and blockchain news, but also global news and entertainment. It is more than a social media platform, it is an information exchange. One can share photos, videos, stories, news with the world. One can also engage with friends both old and new like any other social media platform. The information is free, available and engage-able for all. The sheer scope of information is one small part in what gives the steem blockchain it's value.

This all falls under some fundamental analysis. Digging deeper one discovers the team behind steem. It's core developer is a well respected genius in the blockchain community having already developed bitshares and is currently developing eos. Dan Larimer worked closely with Steemit's ceo Ned Scott to create a solid team that is also compliant with US Laws. For some investors, this is enough information to see the potential in steem's current bargain price as a legitimate investment for future gains.

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But what does some technical analysis have to say? Unsurprisingly even a conservative approach gives indication of a bullish future. Every trader has their favorite indicators when attempting to predict price movement and targets. I personally still consider myself a student, but my personal favorite is a naked chart where I can read the candles's basic price action. However even that takes time for beginning traders and investors to get to. It's a Picasso approach where one must explore the indicators that work for them before returning to simplicity.

Personally I have found that crypto has been obeying the Fibonacci numbers and occasionally the moving averages. But it is important to do your own due diligence. With that in mind, I am not a financial adviser and this is not advice. But here are some Steem charts to show you where Steem has recently been, where it is, and where it is likely to go. I will be discussing the price of STEEM in regards to Bitcoin Satoshis instead of US Dollar. My only real reason is that there is no direct way to withdraw steem into USD or EUR to pay fiat bills. However, one can send Steem to an exchange and send those satoshis to Coinbase where one can use a VISA Shiftcard. That will all change eventually, but for now I suggest any Altcoin Investor or Trader get used to viewing value in Satoshis.

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Usually I will start with the weekly. But let's start with the daily and look back over the past 6 months or so. Back in May we took off from the .00028 into a parabolic bull run to the moon. Basic common sense says what goes moon, must get rekt. And it did. It's worth noting that .0002058 level prepump has some price memory. Which is currently at the .718 fib level for our present price. Something to keep in mind and come back to in this post.

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Speaking of Price Memory. Price right now is at a level of price memory. But if we look closer we can start to see where price has touched fibonacci levels. It dipped to the .618 and bounced to recover into a bullish hammer shaped candle.

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Now let's zoom in on some Moving Averages. I use the 21, 55, 100, 200 MAs. What's beautiful to see here is the moving average fanning upward into an upward momentum. And the 200 day moving average has just collided with price, contributing to the slingshot back up. Moving averages below price moving up? Yes thank you Bulls.

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Here's a closer look. This is still on the daily candle mind you. We are not getting lost in hourly or five minute movements. We are not trying to scalp or scoopy scoop a couple extra satoshis over the week. We are looking to TRIPLE our investment in STEEM. That's a 300% gain!

This is my favorite chart. This is all I needed to see to begin with. Drawing the Fibonacci from the previous low to the recent high, we have retraced to the .5 level .0003452 satoshis. and are holding. Not only that, we have dipped and dramatically rejected the .618 level for .0002855. Could price drop to the the dotted blue line, the .78 fib level? It could, but but even if it did, I would not be worried. That is an area of price memory that I mentioned in the first chart. It now acts as support and price will bounce off that area if it even gets that far. Because look at the beautiful hammer of Thor forming on the daily. Bullish momentum is building. Judging by the MacD, we might be ranging in the near future to build up just a little more steem.

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The coup de gras is in this weekly chart. Bullish candle forming at the .5 fib. The MacD has begun to turn upward in a bullish direction. Up ahead the Fibonacci 1 and 1.6 targets are marked in black. By March we could see .00060366 satoshis, almost doubling one's investment in steem today. 6 month from now we could even start to form a cup and hand near .0009211 satoshis, therefore tripling one's investment in steem today. Do I think we are going there in 6 months? I don't know. Can we? Indicators suggest so. And if one is truly a patient investor then by Christmas next year there is no telling exactly what one's profit will be.

Fundamental Analysis suggests a bullish future for Steem. Technical Analysis for Steem suggest a bullish momentum that has touched hit its marks, paid its dues, and is now poised to reach profitable targets. Not only that, but one is always reminded to Buy Low and Sell High. Now is that opportunity to obey this simple fundamental in order to triple your steem investment in 2018. For those that still think in terms of US Dollars, Steem is currently about $4. It is poised to see $12 within the next 6-12 months. That's 300% just to HODL Steem.

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This is not financial advice. Investing involves risk. Ultimately one must do one's own due diligence. Be well, stay healthy, and all the best.

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~ previous posts ~
Top Five Tips for New Investors . Morning Steem . ep 4
Scooba Cops . Chicago & Hollywood Reunions
Chinese New Year Lion Dance . Chinatown . Los Angeles
disclaimer: i know nothing. haijin is me hero

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