STEEM Breakout Above $3 On Significant Volume

in steemit •  6 months ago

Well, it seem that the post-Consensus spike happened after all, although it didn't happen for Bitcoin (which is sill showing lower highs on a sideways trading pattern) but for STEEM.

For the past hour significant volume entered in the STEEM ecosystem. Here's how the Bittrex 1 hour chart for STEEM/BTC is looking like at the moment of writing:


Screen Shot 2018-05-18 at 3.44.07 PM.png


And here's how the STEEM/USDT 1 hour chart is looking like on Huobipro:


Screen Shot 2018-05-18 at 3.44.38 PM.png


Whoever bought on Huobipro, paid more than $200,000 in the last two hours. That's a Lambo + insurance.

And some change.


I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.


Dragos Roua


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@dragosroua Lambo's for Everyone !!!

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Who would want such a tacky car? I'd prefer a Tesla :)

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Well, now, I'm not sure if I would call it tacky, but I'm with you on the Tesla. The roadster would be an amazing vehicle to have (if it lives up to its specs).

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Walkable cities with good public transportation plz.

Oh this is a great news to keep the spirit going

Finally a good news, i am.feeling happy, but i am holding sbd's, hopefully steem will take sbd with him!

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Why would you do that? Do you know that SBD is intended to be pegged to $1?

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Its not much but 194 sbd :(
Should i convert them too steem?

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You're the only one knowing what to do with your own money. I just thought you should know that the "normal" value of 1 SBD is $1. It's highly overvalued right now.

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Thank you for the suggestion, Whenever market comes down a bit i'll convert it to steem :)

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I want steem to go up not down ... and I actually want sbd to go down. I think it was November when we had an extreme good changing course. For 1 sbd you got more than double back in steem, but steem it self was not going higher, so we only enjoyed a good change.

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when sbd goes down to 1 (how it should be), than it is even more sbd to buy 1 steem is it not, I am right he? things like this always confuse me. :-)

A sigh of relief finally. I hope the value of steem and SBD both rises. I know SBD is intended to stay at 1, but who cares as long as it benefits us.

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but who cares as long as it benefits us.

That's a very contradictory statement, lol :) I don't see how SBD over $1 should benefit us, if it's intended to be pegged to $1. Any imbalance will be eventually corrected, it's just a law of universe, not only of crypto markets.

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Yes, I agree SBD should be $1 and Steem should go up, that would be the best scenario for the platform.

When was this? cuz it seems pretty flat we where at nearly $4 at the end of April

This is quite nice, i always thought price of steem is dependent on sbd. Steem going over the $3 shows its gaining steam.

That's good. Steem is one of the few coins going up today. Maybe the Chinese rating helped too.

Nice! Steem is amongst a few green in a sea of red.

Good to see that!
I hope now we will see a huge rise

STEEM might not be going to the moon, but at least it is headed for the top of the stairs.... :-)

So it looks like a bit of speculation going on. I don't think that's such a bad thing. Speculation means interest, and interest creates growth.

What good news my friend!

It would be great if STEEM could manage to stay over $3 from now on. I know that's not Lamborghini territory for most of us, but I would love to see a new floor established of $3 or more. So far, it's been close. We haven't dipped nearly as badly since this last main spike. I guess that's a good thing, too. If the CEO talking up STEEM isn't going to send it soaring, we certainly don't want it tanking, either. Maybe some middle ground is in order? We get what we get anyway.

alright, let's do this ... for reals ! (-: a little positive weekend volume vibe

damn! love it! that's great news people are investing such large quantities :) and that steem is looking up after Consensus- i was hoping for that!

Nice! especially taking into account that everything has been going down. But hey, that is a big buy. W

It would be nice to stay over $3, althought Im looking forward for a nice deep to grab some steem and power up!

Wonderful still going strongly steem to the moon

very nice, i hope sbd go up following steem.