Bitcoin bid to buy Steem Numbers in a sideways pattern ((( NEED TO BREAK ABOVE 98 )))
🐒 The amount of Bitcoin bid to buy Steem at Bittrex and Poloniex this morning when I took this reading at 7:00 AM EST and the combined figure was 53 Bitcoins and the Steem Price $0.94 . The highest combined figure before was 932 Bitcoins bid to buy Steem and Steem Price $2.60
🐒 It appears that Bitcoin Bid to buy Steem has created a sideways pattern between 43 and 98 I feel that the Bitcoin bid to buy Steem needs to break above this sideways pattern of 98 to really start a bull market for Steem .
Below chart since December 6 , 2016
🐒
DISCLAIMER : This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
🐒
Please voice your opinions in the comments below.
Hey @me-tarzan, I've been busy in personal affairs for couple of week so missed your posts and Steemit as well. I hope you've been keeping well. I'm active again and also tried to write a post to help beginners. You seem keep enlightening the Steemit world with you awesome guides. Salute to you man!
Stay happy and stay awesome.
Also, say hello to your crypto monkeys!
Interesting post.. thx for bring into everyone view..I want to believe the Bitcon worth made the bid for steem to low. if I could recollect the Bitcon that was initially bid to buy Steem is far much than what they table now.. an increase in Bitcon while Steem not increase it will make the bid worse but if Steem could move up as the bid will be highe.
Good publication, it's interesting. regards
Thanks
Hi @me-tarzan indeed i am glad to learn that the amount of Bitcoin Bid to buy Steem most especially on Bittrex and Poloniex was 53 Bitcoins and the Steem Price was 0.94$ while the highest combined figure was 932 Bitcoins Bid to buy Steem and Steem price was 2.60$ this is a clear indication that Bitcoin Bid to buy Steem has created a sideways pattern between 43 and 98 perhaps i do feel that the Bitcoin Bid to buy Steem needs to break above this sideways pattern of 98 to really start a bull market for Steem,Lastly thank you @me-tarzan for your post and keep on posting such great crytocurrency content on Steemit.
@me-tarzan
another nice informative
post.thanks for sharing
for us.I hope the post
help steem community .
great job.
@mobarok
Very good and informative post, it's my hope that Steem price could grow faster up ..that is the only way amount of bid for Steem will be much than what was presently the price of Bitcon that was being bid to buy Steem.. I am wishing Steem price could grow faster up.
Good news .. thank for share.. well at first when I first introduced to steemit ..I was with no knowledge of what is this steemit.. but later I began to known this platforms gone beyond others ...by the time Steem explode bid from Bitcon will be more than double .. let just hope steem should exploded.
thanks for the info
got to take into account the difference in bitcoin value then and now though
this will change the results of your conclusion a bit
Good point @felander