BULL TERRITORY .......... STEEM PRICE TRENDS USING THE STEEMIT OSCILLATOR ( 1 ) AND ( 2 )
12 / 04 / 2016
THE ME-TARZAN STEEMIT OSCILLATOR Developed to hopefully help to identify steem price trends . Only time will tell how well the oscillator will work . The oscillator is a @me-tarzan proprietary system .
How does it work : The BLUE LINE is the actual oscillator that can move between 0 and 100 . The lowest reading is 0 and the highest reading is 100 on the oscillator . The PURPLE LINE is the steem price . The GREEN LINE is the Bull Bear Line . When the blue oscillator line is above 69 ( GREEN LINE ) for several days the trend for steem price should begin an uptrend . When the blue oscillator line is below 69 ( GREEN LINE ) for several days the trend for steem price should begin a downtrend .
ME-TARZAN STEEMIT OSCILLATOR
BLUE LINE = ME-TARZAN STEEMIT OSCILLATOR
PURPLE LINE = STEEM PRICE
GREEN LINE = OSCILLATOR BULL BEAR LINE
ME-TARZAN STEEMIT OSCILLATOR The chart below = last 34 days . Easier to see the last 5 days in a row above the Bull Bear Line
ME-TARZAN STEEMIT OSCILLATOR ( 2 ) I have added a second oscillator . The ME-TARZAN STEEMIT OSCILLATOR ( 2 ) has a few different data inputs than the original . Works just like the original except the Bull Bear ( GREEN LINE ) is set at 63 . Remember this second oscillator has some different data .
ME-TARZAN STEEMIT OSCILLATOR ( 2 )
BLUE LINE = ME-TARZAN STEEMIT OSCILLATOR ( 2 )
PURPLE LINE = STEEM PRICE
GREEN LINE = OSCILLATOR ( 2 ) BULL BEAR LINE
**ME-TARZAN STEEMIT OSCILLATOR ( 2 ) The chart below = ** last 34 days . Easier to see the last 3 days in a row above the Bull Bear Line
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SUMMARY
Five days in a row now the ME-TARZAN STEEMIT OSCILLATOR is above the Bull Bear Line .
Three days in a row now the ME-TARZAN STEEMIT OSCILLATOR ( 2 ) is above the Bull Bear Line .
Both Oscillators are in BULL TERRITORY I would like to see both oscillators in Bull territory for 4 consecutive days . We still have not had that happen .
I think If the blue oscillator line for both oscillators can stay 4 consecutive days above the GREEN Bull Bear Line the steem price should stabilize and could begin an uptrend .
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 recommend that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary or the ME-TARZAN STEEMIT OSCILLATOR or the ME-TARZAN STEEMIT OSCILLATOR ( 2 ) used here is for illustrative and informational purposes only.
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Thanks for the charts and analysis. I bought a lot of SP several weeks ago to take advantage of the current inflation rate while it lasted.
At this time I have no plans to power down in the near future.
Like you I am curious to see how the hard fork this week affects the price. There is the adage "buy the rumor, sell the fact". I don't know if this weeks hard fork is already reflected in the STEEM price. We will know soon.
Either way, I am saving up to purchase 10M VESTS in any pull-back in the STEEM price.
Thanks again for the analysis and
Steem on,
Mike
Thanks for the input etcmike
I forgot to add that I think this is an important post for the entire SteemIt community and want to see it get to the greatest audience possible. So I have re-steemed this post!
Steem on,
Mike
The Steemit Oscillator is now 5 days in a row above the Bull Bear Line . I have started buying some steem even though the steemit oscillator 2 only has 3 days above the Bull Bear Line . One factor in the bullish case is the upcoming Hardfork on Tuesday . Really don't know how much effect this is having on the oscillators .
I just bought some more, finally, even though I hesitated in the hopes of a pullback (sigh.)
It's an old trader's mistake, but I keep making it. STEEM on.
I believe the second oscillator will have been 4 days above the Bull Bear Line tomorrow.
looking good
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