Steem Break-out of 3-month pattern! Whale-Power-Downs coming to an end...
Seems like we have a break-out!
Looking at the resistance-line which held strong for 3 months, I think we have broken it and should see no entry again. For now it seems like the support at 1.50 USD is holding. If Bitcoin tanks, it might go below again, but I think we will not see the 1.23 USD in a few days. So if I wanted to buy at 1.23 USD, I might be considering buying now.
Power-downs are coming to an end
Between April 15th and May 15th, 5 giant power-downs will have conclude and its dumper (whale) have finished dumping... This is still a few weeks ahead, but this sale-pressure will disappear.
Shortly after SMT's should come out and create a lot of attention for Steem. This combined with the Power-down stop should give Steem an impressive boost. Remember, that Steem is different from other Cryptos, that much of the Steems are blocked into VESTS and not available for sale, even if the price goes up a 100x.
Power-down Stats thanks to @penguinpablo
Disclaimer: This is no investment advice, just my opinion.
finally steem reached the moon today hahh that was so cool to see :)
It saw a light today... the moon I see at 300 USD! ;)
Somebody knows who was powering down (which whale)?
We are not sure about power down but here @spydo a bidbot trying to power up if you like to help plz check https://steemit.com/delegation/@spydo/delegation-guide-get-max-return-for-your-delegation