STEEM Bottom is Close

in steem •  14 days ago

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STEEM is one of the first coins I've spotted that has a completed bottom pattern, completely filled in, in this correction that started in Juanuary. While we can still see an extended fifth down, we have hit my target at the 73-75 cents range. Now, I need to see a completed impulse up to $2.34. If so, then I hold out the $15 to $17 as key in the larger weekly count which is expected to eventually see three figure levels.

STEEMUSD - Primary Analysis - Sep-06 0800 AM (1 day).png

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And what if not even close?

I remembered your November 17 post. I actually went through the post several times to understand it. I was intrigued how could STEEM fall from $5 to 29 cents. Yes, it indeed almost came out to be true. STEEM hit $8.5 (vs $5) and went down to 78 cents (vs 29 cents). These numbers looked so absurd, but they came pretty close. Kudos to you. I believe STEEM at $10-15 in future, is not that far feched.

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$10 STEEM is not that high of a target, at all. Who knows when the bulls will fully come out, but it will be an interesting ride next time the tables turn, that's for sure!

$15 to $17 would be amazing.

@kingscrown claimed today that there no more than 29.000 unique users active on a daily basis on the plattform. what do you think about that? If so $15 seems quite impossible in the near future.

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I do ZERO fundamental analysis. Until the chart breaks down, I'll look at $15. I get a lot of criticism for that, but it makes me money. I can give you 100's of stocks with shit fundamentals but incredible returns, because the market just believed in them for some reason. And, the price structure told the story. I have an MBA so it isn't as though I don't know how to do the research. It's just not how to win. This is almost 20 years of trading talking. Second, what if this fact is not true? Then it will mis guide. How do you know? Price is direct feedback.

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Wait, are you really saying STEEM is going to hit $15? Or am I misunderstanding something? In the case of yes, when, in your opinion?

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If I'm not mistaken, a fundamental premise of Eliot Wave Analysis is that while it may help you identify possible price targets, it doesn't tell you how long it may take to reach those levels. The time frame can be over days, weeks, months, years, etc. However, I'm not that knowledgeable about it so don't take my word for it.

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ok -thx for your perspective.

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How do I join this?

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Do you mean the service at Elliott Wave Trader? Link is in the post above.

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He means is going to reach soon 29000 followers.

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Somehow cant pass this number, do we really have less than 29 000 real users? Other numbers ive been able to cross fast but 28800-29k looks like ages.

https://steemit.com/steemit/@kingscrown/small-steemit-updates

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If wonder if it occurred to him, that 29k is the amount of users interested in his content? Why he thinks that this is the total amount of users is beyond me :)

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absolutely i gonna buy alot if hit the 73-75 cents range.. !! thanks for the info

Waiting for 7K satoshi...or less.

I hope you will be right the same time you were back in november when you predicted steem 5$ which even exceded!

@wildtrader Is it best time to purchase Steem coin ? because I am looking for purchase Steem at best price. @printskill

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Don't try to get the price. Try to get a low price. We're in the region. Only if watching a 5 minute chart could you get the best.

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Hey. I bought 500 euros of Steem at 0.98 but ill like to get in some more. Problem is that i lose around 9% when i look at all fees. Do you know of any way i could reduce that. Im doing bank-coinbase-eth to blocktrades-wallet. Thx

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Try looking at using bittrex. You can fund directly in USD and buy steem there. Another alternative is binance.

I feel good by your article :)

Juanuary: A lesser-known 13th month that occurs before January, and is noticeably more Latino.

I think this chart is starting to play out am i wrong? :)

What about BTC wise? I track progress against BTC on all wins, rather than USD, and then get a surprise in USD valuation (of course not in this crappy bear market).

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Since I'm an elliott wave guy, I avoid XXXBTC charts as they tend to move in three wave patterns. That makes EW based targets unreliable I trade them technically but don't rely on EW targets.

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Yes, a lot of factors and dynamics to consider, from the perspective of this cross-exchange. Which platform do you trade these on?

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For Steem, I tend to buy and sell through blocktrades because I delegate my steem during the longer projected bull moves, occasionally on Binance or Bittrex.

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Do you mean lending STEEM for an ROI, but instead of through bid-bots or @minnowbooster doing it on Binance/Bittrex? Didn't even know that was available.

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why only occasionally on Binance? I love the platform, the coin, and the environment around it

thank you for this update , however i respect your point , but bottom is not yet done , let BITCOIN come to $3000 then we see where all coins are , then we can say that bottom is done , this might take another 6 months or year, but $3000 is sure

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Saying $3000 is sure is a sign of ignorance (I mean no offense, but just to put it bluntly.) There is no such thing as 100% certainty when dealing with markets. Will you eat your words if the bear market ends suddenly and unexpectedly?

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3 k is not possible due to the mining costs, Miners are not dumping their coins on a bear market. Who knows what will happen, still, I see this area as a good support. Same as ETH is bottoming at 190.

Really? Are you that optimist in the short term? When do you expect it start to climb the price?

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Don't put a timeline. I don't have a timing model, only a price level model. Check out this post in Oct 2017 as an example: https://steemit.com/steem/@antonburton/steem-to-usd5-by-january-as-explained-by-wildtrader-crypto-nights-episode-10

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Second wave completed in short and third wave up coming...doesn’t look bad this count...end of September will come with good moves up
Steem on

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But before that we need to go shopping. 😂

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Hope I’m not the only one 🤪

So how can I get more steem, if it is bargain priced??

I wouldnt be surprised if it hits 10cents in short term

Valuable information.
Aae @cleverbot

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I keep hoping we At at the bottom... then it goes lower.

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Yeah, it's been agonizing. :-(

Hi @wildtrader I'm a bot, and wanted you to know that I've upvoted and re-steemed your post to help you with your promotion efforts! -exp

Great post. I think this applies to many other crypto currencies . I never thought buying Steem, but I might consider now. Especially for my steem blog. I have blogged my journey from 100 to 100k dollars in 52 week. It is so interesting to follow because it is real and live. I purchase every Sunday and share my portfolio every Monday.
I hope you do follow.
Thanks for you post
Captain2020

Current coins bought in the last 2 weeks.

you prediction in OCT 2017 was impressive , followed !!

Yes , I know you don't do timeline modeling but give us your educated guess for 15$...please ..

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I really don't know. But if I said by mid 2019 honestly, I think it is conservative. However, in the large Elliott Wave count, there is the possibility of another B wave before a drop to 40 cents. So, as a rally starts, I'll be moving levels with market to make sure I can catch whether it is another B wave or, that $15 wave 1.

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Tks for reply , to me , it is sort of amazing that this analysis runs independent of the fundamentals of the project.

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Yes. Many people have a hard time dropping fundmentals. Put it this way...there are a lot of reasons to buy something not just fundamentals. And, Elliott Wave sums up sentiment. Fundamentals can feed sentiment. But the market doesn't have to believe good fundamentals or bad fundamentals. Elliott Wave does its best to sum up what the market believes. I love the TSLA example...Some believe the fundamentals because its a great brand. Some don't believe the fundamentals because the company literally is bloodletting financially. Elliott Wave says it has been bullish for many years, but now waning. It either topped or has one more major wave before it tops. This may just mean those that know the financials are crap finally start to win.

Wish the same we all want ro see steem hit 15$ + wish...it could happen...

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Elliot Wave Trading is one of my top things to learn in 2018 or 2019.

Not yet... still dropping

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i heard that the goal of this project to 20$ .... that's would be amazing just trust this project :)

$15 to $17 would be amazing.
How long is the “the larger weekly count”?

Nice info my dear, thanks to follow

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Congratulations @wildtrader!
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