Market Signals for STEEM Currency Boiling RED HOT!

Some Steemians may be impressed by the 42% returns over the past two weeks, but they haven't seen anything yet! Since dropping to an all-time weekly average low of $0.0723 in early March of this year, STEEM has been a cryptocurrency madman. In the trailing 11 weeks, STEEM has skyrocketed to a 964% profit, or an average weekly profit of nearly 88%.

Under the traditional discipline of technical analysis, market technicians will be screaming bloody murder for everyone to exit their positions while they still can. If STEEM was a publicly-traded security, so many technical metrics -- particularly the Relative Strength Indicator (RSI) and the Moving Average Convergence-Divergence (MAC-D) -- would signal an overheated and unsustainable market.

If you were to glance at a typical arithmetic chart of STEEM, you'd probably come to the same conclusion. But when you consider the burgeoning cryptocurrency on a magnitude, or logarithmic scale, that perception will change quickly. Yes, STEEM is boiling red hot, but in an undervalued -- not overvalued -- state. Let me explain...

Bears Beware!

Under a logarithmic price-volume chart, we discern that STEEM only had one pronounced parabolic move -- the original shock rally in July 2016 that briefly sent the cryptocurrency to $4. This entire 459% swing took place in under one week. Such ballistic moves had to be corrected.

On the other hand, the present rally that we're enjoying is much more reasonable against the horizontal axis. As previously mentioned, STEEM almost hit quadruple differentials since early March. However, the weekly profitability of 88% is far less than the weekly rate achieved last summer (459%); in fact, by a margin of 80%!

So when critics slam STEEM for being a speculative "ponzi scheme," they're basing their arguments on halfway math. That is, it's not just the x-axis, or the valuation, that matters. How long an asset took to achieve a particular market cap is just as critical to determine whether or not future swings are probable.

Unreal Undervaluation of STEEM Currency

For anyone who feels that they missed the boat on STEEM and the Steemit opportunity, fear not! The best part of the bull rally is just beginning.

During the time when the STEEM price averaged slightly over $3, the trading volume averaged 438,307 coins. The ratio of volume to dollar value was roughly 146,102X.

In just the past three weeks, trading volume is a whopping 5.4 million! However, the STEEM price averages a comparatively miniscule 67 cents! This means that now, we are sitting on a volume to dollar value ratio of over 8,000,000X!!!

To put this into perspective, today's ratio exceeds last year's parabolic rally by over 5,400%. This category of ridiculous undervaluation -- that is, an extreme volume of pressure pushing a sub-dollar asset -- is unheard of. It can only correct to the upside!

STEEM is Primed to Explode!

I hope I'm making this point abundantly clear. STEEM is like a bullet in the rifle chamber, and the volume trend is the trigger. The cryptocurency is so primed for explosive growth, it's quite frankly scary.

In the past few days, the Steemit market lay witness to volume that exceeded 7.4 million. This is 37% of Apple stock's trailing three-month average volume! All for a cryptocurrency that trades under a buck, and which not too many people know about.

Are you seeing this picture? Are you getting excited? I know I am!

STEEM ON!