DAILY STEEM REPORT MAY, 15TH ( STEEM 0.72708$ )
The Chart is leveling out, Bollinger bands are squeezed, Steem ready for the next move? Btw. liquid Steem has been decreased today :)
The Chart is leveling out, Bollinger bands are squeezed, Steem ready for the next move? Btw. liquid Steem has been decreased today :)
Bollinger Bands
Thanks for explaining it here :) Love the Pic !!! Epic !!!
Thank you
WELCOME TO
Liquid steem is going down - that's the news a have waited for since many weeks! Great. Thanks for the good news!
:)
I don't think yet but I've been wrong before.
I am not 100% sure neither, maybe we see Steem a while longer sidewards...
You win :D
; )
Sideways trading is a good thing, builds up that really strong floor.
Very Fast Growth .
This post has been ranked within the top 25 most undervalued posts in the second half of May 15. We estimate that this post is undervalued by $16.74 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 15 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Thank for sharing! I am interested to find out your thoughts on whether we are in a cryptocurrencies bubble now? Here is the DATA which support this my assumption: it looks that we are entering bubble territory for a vast majority of alt coins (except Bitcoin probably). Just think about and analyze the following facts:
At least several dozens alt coins market caps skyrocketed 300%-4000%(yes, four thousand!) recently just over last 2 months!
The beginning of sharp increase happened around middle of March of 2017 for ALL alt coins!
Yes, some alt coins sharp increase is logically justifiable. For example, Ripple XRP: http://www.cnbc.com/2017/03/01/japanese-banks-plan-to-adopt-blockchain-for-payments.html . Maybe there are couple other alt coins where this huge growth is also justifiable.
But for vast majority of other alt coins nothing has changed drastically during the last 2 months! At all! Neither in their technologies development, nor in their business development! But nevertheless, their market cap skyrocketed 300%-4000% in just 2 months!
The only explanation which comes to mind is that huge amount of new capital is coming to cryptocurrencies market. Probably these are the people/investors who have heard about the first wave of Bitcoin and Ethereum successes, and they have a FOMO (fear of missing out) now. They don't have deep understanding of cryptocurrencies space and their differences, but because of FOMO they still invest in all other alt coins hoping to hit jackpot!
Does it remind you anything? Yes, exactly, dot com bubble of 2000 looks very similar!
Therefore, I would expect some kind of significant downside price correction within next several months for the majority of alt coins. Would you agree?
As long as new money flows into crypto everyday, the market will grow, but yes I agree lot of altcoins will have a correction, but not all of them. Guess Steem is something special, with users growing who uses Steemit as a llogging platform and Steem as a Cryptocurrency without fees and very fast transaction times, it could keep growing... But the most of the other coins which some of them are only colored coins for sure will go down. I sold them all, I stay now with STEEM, BURST and XEM and BTC.