📉STEEM Investor Report 21 May 2017 (Pause for Bitcoin and Investment)

Trading Recommendation:

Buy into rally; suggested stop loss is $1.00

Investment Recommendation:

BUY, fundamentals appear to have flattened, rally is on!

Analyst Commentary:

The STEEM price fell 2.44% verse the USD over the past 24 hours on strong but lower volume ($6,188,060) as Bitcoin rallied over $2,100 then backed down to its current level at $2,075. The STEEM price has pulled back slightly which is creating an opportunity for those still looking to invest. The % vested indicator rose slightly showing that our new account activity and price rally is triggering investment, this is evidence that the fundamentals are improving! Active accounts is still rising at a consistent rate which is a great sign of platform growth. Future power downs are also maintaining their downtrend into next week which will help the % vested indicator in the weeks to come. For traders, buy into this rally but maintain a stop loss at all times, move your stop loss up as the price rises to protect yourself. On the investor side, I believe we will be going up from here, buy into this rally and then hold on with a generous stop loss (around $1.00).

Payout Recommendation

Due to the SBD premium, I recommend taking your rewards in 50% SBD and using it to buy STEEM in the internal exchange.

Data Credit:

Steemchart.com
Coinmarketcap.com
Steemdb.com

Disclosure:

The report published above is based on my assessment of the cryptocurrency market. Investors should consider this report as only a single factor in making their investment decision. All investments involve market risk, including possible loss of principal invested. The author is a cryptocurrency investor and while he seeks to provide honest assessments to the best of his ability may have a conflict of interest that could affect the objectivity of this report.