Trading, NOT SELLING STEEM | UPDATE: I was wrong ?
This is an update from my previous post Trading, NOT SELLING STEEM.
So what happened ?
It touched the 7800 Sats (I was expecting the 7600-7200) and didn't buy in, and of course...
It went up !
So I was Shorting STEEM, I sold 6000 STEEM half @ 8500 and the other half @ 7960 sats, Managed to get back 3000 steem @ 8100 with a small profit and I HODLed it. (That is the last of my steem the rest is in BTC or scattered in trades.
The Volume was 80 BTC on binance when i did the previous post.
It went to 125 during the peak of the pump, reached 280 and price and volume retraced.... (Lost momemtum)
There are many things happening ATM on Binance, daily whale pumps and the BTT craze... That is the reason so little volume entered.
I think now it will retrace and re-test the 7800-7400 and might even go lower depending on what influence has BTC and Chinese new Year tomorrow the 5th of Feb.
What do you think?
Over the long term I need to be Bullish on STEEM hopefully I will be able to put more SP on my account once i finish this operation.
It's been sad to watch my account decrease in value 75%
Love your blogs though, keep up the good work and educating us small guys.
Well @jcharles,
Imagine my frustration. I bought 5000 Steem @ 1.27$ 2 years ago, then i got additional 1500 @ 4$ last year.
Yet I managed to get my account and the projects I used to run to 12000 STEEM by posting and sharing with the team the rewards.
So my 12k USD investment is today worth about 1 BTC... 3.400 USD...
But I'm still bullish!
I cannot afford to be bearish, what i want is to trade the shit out of steem to convert my 12k into 20k and come back meaner and stronger hahahaha
Peace bro!
I love this attitude and as well your posts
I think steem will rise and until than enjoy the #BeerSaturday challenge on the blockchain
Thank you @detlev,
I try to have fun and don't take myself very seriously on steem, but i do take trading my steem seriously.
I hope I don't end up a broken dolphin at the end of this journey hahahaha
Beerz Beerz... thou i am a Single Malt man (SMM)
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