STEEM: Price = $0.18. Market Cap = $41,594,208. BTC = $1,184.54. STEEM = 0.00014838 BTC. BULLISH
STEEM - TECHNICAL ANALYSIS
I am just working on the (Part II) of the proposed Crowdsourced Marketing Initiative that I will publish later, but in the meantime I just wanted to share with you the latest STEEM price which is showing early signs of a possible breakout.
STEEM: Price = $0.18.
Market Cap = $41,594,208.
BTC = $1,184.54.
STEEM = 014838 BTC.
Technical Analysis
BULLISH
Thanks for reading.
Stephen
Shared on twitter. Stephen
Where do you see this moving in the short run and long run?
BTW, love your gold and silver analysis. I love how quickly people realize how gold has value when rumors of a war spread.
When you say short run I am not entirely sure what is your time frame. For me Long term is around 10-15 years, Medium Term is 5-10 years and Short Term is 3-5 years. Anything less than 3 years is pure speculation. On these time frames I would suggest that STEEM could see anything between $350 mil - $1.2bil in 3 - 5 years. Hope this helps. Stephen
Things happen fast in crypto land. 3-5 years is an era in this space. 3-5 years ago 18 of the top 20 cryptos did not exist.
Short term is normally refered to AS less than six months. Medium in the one year timeframe and long term more than that.
Looking at the graph, i see NO possible signs for a breakout, the trend is sideways and decreasing volumes does not support a breakout any time soon.
The only thing i agree on is the fundamental side of things. The CAP is not frightening high and it is a functional service, which not many of the other cryptos has to back up a higher cap. Maybe if steemit removed the "beta" from the project it would be considered more mature. Who knows.
I think your wishful thinking is good for moral. But i would be careful to interpet the graph to support anything happening soon. Then again it is a volatile market and rallies is part of it. I just dont see it comming from the graph.
We use a very powerful "mapping technology" that triggered a technical alert this morning. Hence the reason for the blog. Stephen
"Short term is normally refered to AS less than six months. Medium in the one year timeframe and long term more than that." Says who? If I put a cake in the oven to bake, 20 minutes is long term. I am sorry but you statement left us rolling around lol. Thanks for making our day. Stephen
:D
Thank you for the valuable information!
You are very welcome. Stephen