Steem: Uptrend in big danger
First of all my last post:
and then we look at the current chart in the view since Steem's existence:
My last post was from April 6 and that was why in the meantime, nothing great had happened, Steem is more or less bummed to himself.
This has now changed, because in recent days, the Steem has set to a fairly rapid descent.
So the uptrend is in acute danger.
The Steem is now exactly on the uptrend line, so he should now necessarily turn up to continue the upward trend.
But, the dynamic with which Steem has rushed down can be worried that he could break the uptrend.
So it's very exciting what the Steem is about.
Note: I do not recommend anyone to make investments on the basis of my post or to refrain from doing so. I have created this post for entertainment and pleasure only.
Dear @udow
Do you believe in TA when market is so slow and volumes are that low? Currently it seem to be very easy to manipulate prices and create short-term demand.
I'm quite sceptical
Cheers
Piotr
Hi !
You should always see the context of TA.
What TA says is in the end a probabilty no guaranty.
Much pattern f.e. the closing triangle (falling downtrendline meet increasing uptrendline) have no definitely way after, means in this closing triangle you never exactly what will happens when the triangle closes, courses can increase, can fall or also can move sidewards.
But in generell I think that TA is very usefull and you can back, because in every post I have link to last post, and check what I wrote before.
Dear @udow
I had a chance to read your comment just now (somehow I didn't notice it before) and I would like to thank you for your reply and taking the time to keep in touch with me.
I agree, that TA can be usefull and surely understanding some indicators can help a lot.
At the same timem, y impression quite often is that volumes and prices are manipulated sometimes to such a degree, that TA is becoming a trap for many naive investors.
At the end of the day traders compete with advanced bots (most of the time) and we're at the losing end (most of us).
Cheers
Piotr
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STOPThis may sound ridiculous but the major trend that I have noticed in steem major runs and major dives has been the ratio to BTC price. Currently it's at 0.00006444. Yeah, four zeros then the 6444. For fun look and see what happens when steem is at a ratio this low or in this neighborhood in the past. Of course past performance guarantees nothing in the future. I also am not a fanboy of steem, but I also see there being a great chance this could run surprisingly high in a relative short time. Getting to a more regular price/btc at 50-100% run is more legitimate than what many people following steem and any crypto would think. And any excitement at all could kickstart it. I blasted the heck out of this and kept rooting for it to fall (because I was pissed and I wanted more to buy even cheaper) because a great opportunity was being squandered I felt. Now that steemit is getting its act together it should only help the price of steem with the cool dapps and games that are popping up I am very bullish (not BS) on steemit at the moment.
I was also thinking that the success of steemmonsters will push the steem, but as you see now steemmonsters start to open themthelve for other cryptocurrencies, first is TRX / SEED.
The other public game Drugwars can in my opinion not help very much the steem as it have (in my opinion) not the quality of steemmonsters. People just don't play it like steemmonsters and after some start investments nearly nobody invest their STEEM anymore.
So the daily rewardspool (for all player together) was decreased from more than 1500$ to less than 300$ and than they changed it to FUTURE-Token.
They was putting 80% of player investments in this rewardspool and payout every day 8% of the pool to the player, so if rewards pool was decreasing from more than 1500$ to less than 300$ in short time it means that their was very few investments in the game.
Because it will be awarded to drug production and player build more buildings to produce drugs it goes down quite quicker for you if you don't build new drug production buildings.
About other games I don't know, I cannot forecast how successfull will be nextcolonny for example.
On the steemmonsters point, yeah there is nothing like it at all in these new dapps that are hitting steemit and now beyond in their case which is very brilliant on their part. But the drugwars game is a very interesting dynamic that has popped up. If someone really wants to hustle and work feverishly they can actually work their way upward with little to no investment just by being amazingly active. Yeah I put in about 50 steem into an account (half of that virtually wasted in buying troops) but staying with it and working at very heavily just yesterday I got just about a 90 cent vote on my daily post with them. That doesn't sound like much of a return, but with steem at this price if it were to move at all that vote jumps quite a bit and that's like a daily dividend which is pretty darn good in my opinion. The massive fundition backing of it is a great way for a very small fish to grow their account in playing the game and working really hard it-continued effort in raiding actually pays off over time. As long as that million plus SP is backed by fundition the drugwars game really doesn't matter much on its daily payouts, and something tells me they are working to make people want to start spending more in the near future to obtain some pretty impressive rewards or maintain their status on the game.
recording Drugwars you can just luck over my discussion with other user:
https://steemit.com/drugwars-fight/@udow/re-balte-re-udow-re-balte-re-udow-re-balte-re-udow-re-balte-bal813cac07d0-20190502t193641691z
It's in german but I think you understand.
I postet their really ridiculos fight where somebody attack me.
He lost nothing and I all - and he write me after this even message and say "Sorry" …
… with this fighting system their hunt away the people.
This other user with whom I discussed now also stoped playing drugwars and he was at good place in the Top 100.
I think with this fighting system they destroyed the game.