Well, this isn't based on any technical analysis, fibonacci levels, indicators or even support/resistance levels. I happened to be looking at the Google Trends page for 'bitcoin' and we've seen a steady decline since the highs hit in November-January.
To understand the graph, the '100' level is the peak search volume over the past year. The number of people searching for the term 'bitcoin' peaked during the week of Dec 17 - Dec 23 in 2017 and has fallen more than 80% as we head into April. The drop has been pretty steady after the initial steep decline in the first 2 weeks of January. Interestingly, this was right around the time Bitconnect shut down.
So what's changed?
Well, for the first time since the start of the year, we might see 2 consecutive weeks of increasing search volume for bitcoin. The trend for the previous 2 weeks has come in at 17 and 18. For this week, we're at 17 and there's still 3 days left to go.
We've had a couple of false starts in January and early February which saw big spikes. This time, the jump is a lot more mellow but hopefully it will be the start of a more sustainable uptrend. One can only hope :)
I hope you're right lol. My blog pretty much 'died' after the fall in January and so is my Steem 'income'.. :(
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Is this your steemit blog or your other blog? Yeah steem income has slowed down to a trickle lol.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
My wordpress blog and also my Steemit blog
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for the statistics. I wish you success and prosperity!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice update thanks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @numpypython! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last announcement from @steemitboard!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the statistics I wish you success friend
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Useful information! I do really hope so..... ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit