BEAR TERRITORY .......... STEEM PRICE TRENDS USING THE STEEMIT OSCILLATOR ( 1 ) AND ( 2 )
12 / 13 / 2016
THE ME-TARZAN STEEMIT OSCILLATOR ( 1 ) 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 .
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ME-TARZAN STEEMIT OSCILLATOR ( 1 )
BLUE LINE = ME-TARZAN STEEMIT OSCILLATOR ( 1 )
PURPLE LINE = STEEM PRICE
GREEN LINE = OSCILLATOR ( 1 ) BULL BEAR LINE
ME-TARZAN STEEMIT OSCILLATOR ( 1 ) The chart below = last 30 days . Easier to see what has taken place the last 30 days .
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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 30 days . Easier to see what has taken place the last 30 days .
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SUMMARY
Both oscillators are below the Bull Bear Line .
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 .
It also appears that the ME-TARZAN STEEMIT OSCILLATOR ( 2 ) is more conservative than the ME-TARZAN STEEMIT OSCILLATOR ( 1 )
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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haha love it
Buying opportunities coming soon :)
Both oscillators still have not been able to post 4 consecutive days above the ** GREEN Bull Bear Line**
I believe it will be a bear market at least until summer 2017. I'm going to love scooping up a ton of steem once it hits below 3 cents.
Sad for those who bought in much higher and have essentially been funding this platform this whole time.
Nobody told them to buy though. I've only told people to join steemit and blog. Buying and selling is for people willing to lose $$$. Also, I've met a ton of influential people on Steemit and it's been worth my time and money (the little bit I've invested).
I agree. Still sad for those who invested at higher prices. I also have had quite a bit of fun here, even if I don't recover my initial investment. I'm hopeful that I will, but it would be sad to see someone else get the same amount of steem power at a fraction of the price I (or anyone else) paid, especially for early investors who took on even more risk. But yeah, risk is risk and should be factored into all investment and speculation decisions.
You could just keep all your steem in SBD. It should keep its value if STEEM tanks. Emphasize on the word "should."
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