Hello all,
Here was my prediction of yesterday :
Unfortunately, the BTC did a drop which stopped also the UP of the STEEM
Here is the current chart :
As you can see, our support line was strong enough to stop the drop and we are using it to start a little UP. My objective of yesterday stays valid but we need to keep an eye on that support line. Any break of it will invalidate my objective.
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.
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If BTC shows little bit of up-trend, STEEM's UP will continue and can break the ATH along with double top. However, BTC looks very dodgy and fragile, could see more correction. What do you think about BTC going up or down from $13500?
EDIT: BTC went down to $9200 and back to $12000. Wish I could trade $1M BTC at that time.
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BTC is at a level where it's kinda stuck. It can't just go 30% up anymore. It's already pushing manning people out of the market.
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I think it will be going down to shake off the weak investors. Then, the moon.
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I think that it is about time STEEM and SBD to switch places. Probably at the moment when Steem gets more expensive than sbd, sbd will fall fast and ugly...
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Do you think smart media tokens will be able to take steem and steem dollars to $250+ ?
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No chance in the upcoming year. The total marketcap should be around 20trillion to at least give a space for steem to reach 200$ + mass adoption of platform.
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even if it hits $100 each I wouldn't power down..I might sell a few steem dollars to test out how it is to cash out but other than that this is a nice longterm hodl.
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Thumbs up
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I think that btc
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Steem will be going up to 10$ soon
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Speaking of support lines, I'm surprised how well TA works with crypto currencies. Better than with manipulated stocks.
How nicely high in 2017 acted as support that has been tested after huge break out. Break out was on huge volume - bullish. Pull back and retest of the break out was on lighter volume - bullish again. This is nice bullish flag pattern.
Only missing from perfect picture was, yesterday there was no high volume on a break out attempt, signalling, this is not real break out.
Of course general trend will prevail, if everything start going down, so will Steem. But if crypto stabilize here, Steem could take off, setup is here :-)
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It's just a matter of time, the power of the Steem blockchain and it's community can not be contained for long...
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Steem is one of the few cryptocurrencies that is actually used every single day. It seems like most cryptocurrencies are based on concepts and ideas that are yet to be proved. The Steem concept has been proven and adoption is growing and growing. I enjoy the technical analysis but I think, on a fundamental level, there's no reason Steem shouldn't be a longterm play for most... (Just my opinion)
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I would love to see Steem on Binance etc.!
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Would like to see it on waveswallet.io also.
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Nice post
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Thank God the support line was strong enough, I hope it stays firm.
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That was good. Thank you. At least your prediction gave me another opinion.
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Good post. I appreciate the nice job you are doing analysing the cryptocurrency, giving projections for price movements. This has been of tremendous benefits to us Steemians. I upvote you.
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Seriously,we need to watch our support line closely.thanks my dear for this costly information you brought to our door step without penny.i must appreciate you.
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I want to recommend you for the excellent work you have been doing and giving all steemians the latest news on currencies. How I wish I've enough sttem power,I would have giving you 100% for you informative post...@cryptopassion
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At least it gave me another person's point of view. Thanks...
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Hope that it will never drop below the support line since so many of us have invested in steem. Thanks for sharing your analysis and thoughts with us! This is useful insight for non-technical people!
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You kidding, the support level is still 2 , 3 times what it was before.
The only reason you should be worried about support lines (on the short term) if you bought in at $9.
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Thank you for enriching me. I bought it at $2 plus so I am safe. Good to hear this!
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Thanks for the important update
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The spikes in the chart makes me dizzy, lol. Nevertheless, the write up makes it easy to understand. The bitcoin will still rise.
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Thank you for your tips and advices.
Great analysis.
take care
P&U
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I hope sbd will not reach its all -time low. But thanks for your blog, lets hope the btc will rise again :D
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Well, then get that bitcoin back up there sensei!
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What do u think about SBD could it rise again?
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