STEEM - Are we breaking the triangle ?

in steem •  7 years ago  (edited)

Hello all,

You know all that I'm looking very closely our coin STEEM.

Here is the current chart :

STEEMUSD1.jpg

Yes on this daily chart it looks like we are trying to break it :-D

Let's have a look on the 4 hours chart :

STEEMUSD2.jpg

On this chart, we see better the move which is starting.
Is this move can be a head fake ? Sure it can.
Is this move can start a nice break out UP? Sure it can also !

But you know all my optimism for Steem.
We had good a news early about an invest around $20 Millions into the Steem SMTs.
So why not trust that this break will be the start of the new break out UP soon...

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. 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.

Version française ici : [FR] STEEM - Sommes-nous en train de casser le triangle ?

BARRE STEEMIT.jpg

CryptoPassion-Bannière.jpg

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My personal opinion is the long term price of STEEM will approach zero. This isn't a bad thing think of how much it costs to send an email. Today I played around with setting up a web page miner (monero) and earned 0.00005137 XMR in about 4 hours.

I am playing around with the concept but potentially creating a page where a person can enter their own mining public key and be able to toggle the amount of resources they want to allocate and earn.
If Steemit and Busy implemented this it would add two more dimensions for rewards:

  • reward authors for the time they spend writing
  • reward readers for the time spent reading (instead of just mechanically upvoting)

This could also effect STEEM price stabilization. If there was an easy process of converting a web-mined coin for STEEM, the price would stabilize against that other currency.

Only big strong community macke Steem great agen.

THIS SHOULD BE OUR RALLYING CALL!!

The triangle will simply go away.

it is all a conspiracy

Time to BUY!!!

THEY ARE GOING CHEAP AND WILL RECOVER AND EXCEL!!

Hi @cryptopassion

Just started following you. I just joined the steemit community. Looking to make friends here. I hope to stay in touch with you. If you have time, come visit my blog, and upvote me, I'll really appreciate that.

Regards,
@alihassanmalik

Thank you for the information

that's good for steemit hope steem price goes up well informative post :)

Yes we have trust that it will be the start of the new break out UP.

Your four hour chart provided the good faith on it.

  ·  7 years ago (edited)

I don't think thats what the Steem coin was intended to be. To many people jumping into the crypto space to make money and thats exactly what Bitcoin and all these blockchain start ups are trying to encourage us not to do - they are trying save us from our addiction to money and from the struggle that greed and money is cursing on humanity.

Yeah I agree. If I read the steem website correctly they said it might stick around $1 because of the creation of new coins and people selling.

Cryptocurrencies saving us from our addiction to money? They ARE money!

Great news. Wish steem would pass $1.50 easily and stabilise there for a leap forward. Upvoted and following u as always.
Regards Nainaz
#thealliance

New to crypto currency and Steem. Have hope that this project and token will do well. Thanks for validating that hope.

i believe its a fairly good price for entry

Nice post