Steem has made two big breakouts recently.
As you can see they weren't bubbles. Steem is well supported and retained it's value nicely.
Looking back at the last 2-3 weeks the price is getting quite consolidated and stable.
Til now the new hardfork hasn't done anything worth mentioning to the price of Steem.
In an otherwise downward trend there was a small spike right when HF19 was intoduced, but it quickly went from bump to dump. It was a quick chance to get a 10% profit for active daytraders.
In the long term nothing has changed.
With the rise of BTC the whole altcoin market took a hit. Steem fell down to 0.000765 at its lowest, sitting now at 0.0008.
I don't think it will fall any lower than 0.00075.
I believe a breakout in the coming week(s) is possible for Steem, because of the stable price.
*But it can also go the other way and we'll see Steem fall to 0.0005. But I don't want to believe that :D
What do you think?
Upvote, comment, resteem and follow if you like!
I don't do follow for follow, vote for vote.
Have a great day!
@sulev... Thank You 4 this perspective...it reflects the level of understanding & wisdom You have obtained/earned regarding the analysis of the charts.
UpVoted & Following...please consider following me. Thanks Again !!
Cheers !!
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Cool upvotes. Tigercat roars.
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Love this! Hopefully it will gradually keep rising, But who knows! I feel like during the summer and fall Steem is higher and Winter it goes down. But I'm just guessing. I don't really anaylze the numbers like you do LOL! Thats why I appreciate people who post this stuff hehe :)
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Steem was worth 4$ in July 2016. First rise to popularity.
It fell steadily in value until december to around 10 cents average. It was mainly due to the huge inflation this coin had. Once that got fixed we have been seeing a steady rise to around 30cents. And in May the whole cryptoworld blew up, Steem included :D
Thanks for the comment and your HUGE upvote. XO :D
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I believe it will rise to 10$ at one point, but don't take my word for it :D
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This post received a 0.8% upvote from @randowhale thanks to @sulev! For more information, click here!
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I feel a breakout is coming, new users are going to be more motivated to bring on content to the platform with this hardfork. My curation and upvotes are way more powerful now as a result of HF19. I am pretty pumped up about that too. But like you said, who knows really - but if Steem falls I will buy way more haha.
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It will definitely raise some interest!
Til now I've only been earning Steem from posts :)
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@sulev lets hope brother lets hope
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lets hope indeed :)
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Looks like a healthy chart for me with a buy signal at 0.001 =)
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good times ahead then :D
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Thanks for the update. Just waiting to see what the next move will be
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upupup :D
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I believe it can fly~
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It's gonna fly high, alright :D
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Fingers crossed! I feel like I have gotten into Steemit at a very exciting time. :D
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I got in right when it was worth 4$ in July. A steady decline until March. Think it went for ~9cents at its lowest.
Wasn't very exciting to say the least :D
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Now is your time to shine with a little luck! haha
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I hope it drops to 0.005 then rockets to $500 ;)
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hahhha :D
that would make us frikk'n rich
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Should break $3 before this month ends.
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lets hope so!
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The part about day-traders was interesting. Market still speculates. I feel steem is definitely worth a bit more currently amongst other cryptos!
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me too!
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I hope you don't mind me asking, what is FH19?
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HF* hardfork - code change in the steem blockchain
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I see. Thank you.
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I hope it is! HF19 should be an incentive to buy!
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I thought so too. I bought some, thinking it will skyrocket today :D
Let's just say, I'll be holding on to it a little longer.
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