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RE: Daily Steem Stats Report - April 3 - Steem price today: +46%
Wonderful recovery in Steem price, looking forward to see huge bull run now...
Wonderful recovery in Steem price, looking forward to see huge bull run now...
I think it's still in bear mode, that spike in volume should not hold, unless it was based on some odd metric. Or partnership. It looks like somebody picked up a ton of it. But i am just guessing, however it is nice to see it not moving with the market, and that i think is a good sign.
It has just broken out of the 3 month bear-pattern. Volume has gone up 25x or something like that... Total trade volume in coinmarketcap is only up 25%... I think that now traders will have to look for a new pattern... but if you take into account SMT's I think we will have a positive new pattern...
https://steemit.com/steem/@mexbit/steem-break-out-of-3-month-pattern-whale-power-downs-coming-to-an-end
@oopgamesandhobby All the cryptocurrencies are on the rise, not just Steem. Hopefully, this trend will persist in the long run.
Not like steem is doing right now, most crypto were flat today, 2-3% up or down, steem was around 68% up at one point.
on almost 50mil volume, last i looked. about 20 times the daily average of the last week
Could be one of those feedback loops that fiat pairs get into when a lot of money starts moving around and some of it aims for the exits, resulting in certain coins looking hot when really it's just money getting ready for a quick pump and drain.
Could be, that's a very wall street like move. And that's going to happen in the market or anyplace money is involved. Make a quick run and dump when you know so many people are near the trigger point. Then they buy a bit higher because they think they missed the bottom. Does not make it a fact yet, but it is a likely scenario.