📉STEEM Investor Report 25 May 2017 (Bitcoin Rally Dominates Altcoins)

Trading Recommendation:

Buy into this correction, fundamentals look strong, stop loss at $1.00

Investment Recommendation:

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

Analyst Commentary:

The STEEM price fell 7.92% verse the USD over the past 24 hours on higher volume ($7,035,820) as Bitcoin rallied to $2,700 and alt coin traders dumped their holdings to race into Bitcoin. The broader altcoin market is down an average of 10% so STEEM's decline is looking good. The % vested indicator fell slightly as well as active accounts as Bitcoin is likely drawing most investment interest. I recommend using this opportunity to buy in and power up at a lower price point. I believe that once Bitcoin pauses it's rally, alt coins will begin to rally again like they have in the past. 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.