STEEM update 18.09.17
STEEM is keeping to the plan of producing a final panic low. Wave 3 of C is complete and wave 4 will also be completed soon.
This has some implications, because wave 3 cannot be the shortest wave:
This is how I predicted it:
This is where we stand right now:
Here is an other illustration from a higher timeframe:
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If you think this to be useful information:
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)
I have read many analysis that STEEM price will oscilate in the area of $1 and slightly below that level till the end of year. Then it will skyrocket to $10 in 2018 as a natural move.
This is characteristic for STEEM price as we see its history. I see STEEM in the group of the least speculative cryptocurrencies. Nopumps here etc. That means their vaule most appreciated to their price movements.
I hope so. If it stays low for long enough but doesn't move down anymore, it HAS to go up.
The lower it goes the more I will buy. I see the potential in the platform beyond the small waves we are feeling now. Remember befor a tsunami the water is sucked out befor the big wave hits. I am inviting all my friends and fellow artists to move to this platform even if you never make a dime here it is still valuable having the keys to your own online presence. No one telling you what you can or cannot post. No one can take down your voice because they don’t agree with you. Other platforms extract the value of sharing to the benifit of the share holder that add no value to their platform. Here we can be the shareholders by holding steem power and also adding value by sharing. So the price of freedom to be creative is priceless. The price of the coin reflects the lack of awareness for the creativity that will flow from the free ideas being shared. So let the little waves roll I am paddling to catch the mega wave headed to steemit.
Looks like steem is on a slow but steady down turn..
What a great day for Steem Dollars .... wow... wish I had more
I upvoted this post please visit my account
@hatemelpop
Sorry, to interrupt you. But as a total newbie, looking at your last chart. I would conclude that it is going to go down. According to tendencies.
It tends to go down only 3 times due to the rules of the golden cut. This is why I think it will go down only one more time
Lets hope it goes down a bit...
That would be a nice entry point to buy some more Steem!
Steem down = Buy more Steem.
Im actually hoping that it goes and stays down until next year so I can accumulate some more.