STEEM
I look at the weekly chart to analyze the trend, look at the daily chart to make decision on entering or not and look at 5H to decide when to enter (if that's my decision)
weekly chart shows a very strong down-trend is set to re-consider its direction at the point $1.6471
both resistance levels shown in chart, contradicts each other soon at that level.
The 1D chart confirms a contradiction in support and resistance levels is to happen, but it speculates a bit further fall and then decide whether to rocket up or continue falling.
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At 5H chart you see the boring channel ($2.2 to $2.64) has definitely ended due to downtrend in weekly chart.
This chart also shows the point of contradiction is definite, and it will be below $1.5
My Conclusion and decision:
I will buy some steem at this level (what is SOME?*) and if it breaks the lows to new levels below, I will buy some at another bottom low.
if the trend changed to upward, I will buy again below $2.2 and at $2.6 I will again analyze the market whether to sell or to hold.
- some means a money you don't mind to lose 70% of it. it won't change your entire life, but it IS your hard earned money. I haven't earned any easy money in my life, but I know I have to take risks to earn more.
another word:
tell me a bit about yourself! newbie to ANY kind of investment?! I'm investing in STOCKS & FOREX for two decades and now I've added cryptos to my portfolio, to make my assets work better and don't miss the everyday changing world's trends.
So, if you are a millennial or new to speculative markets, I understand your fears; but I have many stories to tell you, which this is not the place; just one word: I have made my life out of such challenging ecosystem, so many others did.
thanks for reading :)
I agree its ok to buy some steem at these levels, the wedge has been pretty long and although I don't think it'll blast out of the wedge, lets just hope we can get a higher low
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thanks for reading and your precious time. as I mentioned, I target 2.2 and 2.64, in a matter of 6 months. the technical says that, but there are fundamentals also which due to lack of insight information by whales and owners of the majority of the stake, we can't analyze... so I stick to my tech plans :)
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I want to hear your stories!
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I take it as a chance to post later on that! the abstract is: I have lost money on my rush and FOMOs, and I earned on sticking to my plans WHICH worked over time (in demo and real)
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Based on your charts it doesn't look like Steem has much of a future. Steadily going down for 3 months is not a positive outlook. However, what goes down must come up! Therefore, I agree that it is a great time to buy. In fact, I wrote an article on why I believe Steemit is the best place to invest that may interest you.
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thanks for the article. I agree with "The creativity and purpose"
this is what most of cryptos miss.
I don't think steem DOES NOT have any future and I didn't meant to express such thing; as I will write soon again, technically steem is going down, and it will meet a break even point. at that point (which is still due) investors will decide rather to buy more or opt out.
in this point your analysis which is perfectly fundamental will step in stronger that technical behavior or investors. I'm a fan of steem ecosystem, though I have concerns about some issues ;)
Thanks for reading my post, it means a lot to me :)
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Yes, I understand the meaning of your article was to show people that now is the best time to invest because Steem is down. I agree 100% and wish that I could have bought more of it a week ago when it was down to $1.60usd. Now it's already up to $2.20usd. It will continue to grow and I believe it will be at an average of $5 to $10 by the end of 2018.
I'm very excited about this platform and I really hope we can make it grow. The key is to keep providing good content and try to weed out the spam content. Showly but surely - we'll make this the best place on the web!
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WOW! what an attitude and energy! :) congrats. Spencer I'm completely with you! if steem has an army, it can use on my arsenal :) let's make this place the best on the web. I have promoted it in my twitter and linkedin account with more than 11000 followers I have
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That's great! I've made some videos on how you can automate the posting process to your social media accounts. They may be useful to you.
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I'll find it on your youtube channel
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Excellent. Feel free to comment with your feedback.
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Hi spencer, may I have your advice on my post on steem/usd trend?
I really appreciate your time and comment
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