That's one beauty of a chart that STEEM price action is drawing.
Very sweet.
This is all about moving averages and you can learn more at the websites mentioned in my The chart I’m watching is BTS post.
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@cryptographic
Sideways with volume depleting . I think we need one fundamental push to begin the rally and overall broad market to support a bit . these 2 elements are pivotal to move into the bull flag zone and then only we may hit $10. I think Ned speaking at consensus 2018 will be a major pivot.
We'll have to keep an eye on the middle of May. We might expect the market to discount good news in advance though. We're still holding within the flag just above the 200 dma, and the overall market looks fairly healthy, well, the overall quality market that is. We're at a pretty important juncture, that's for sure!
The only worry i would imagine is " are the institutes ready ?" Cause if they arent , market would have to bear a lot of pain (FUDs will be manufactured ). And once they starts touching their toe in water , its gonna be a tidal swap. I hope they are ready by now (for god sake, otherwise a lot of babies are gonna die ).
MA50 and MA20 willing to cross in short may indicate a Bull run cycle.
Also, as said by @milano1113 there is a bullish flag indicating the uptrend.
STEEM may reach 10 to 14$ within 5 months.
Cheers
And 7 to 9$ in a matter of weeks? I think it's a real possibility. I've held on to a large amount of STEEM throught this "bear" market believing it would hold up better than the rest, and, well, on a relative basis, it has, but not as much as I thought. Now I'm thinking it might make up for that by really outperforming to the upside - again, on a relative basis it's held up well, and those are the ones that pop hard.
7-9$ is awesome as was back in December 2017..if that value does remain for a pretty while I am opting for a payout...what do you think ..should I or not...
Though 7-9 is a pretty high value considering the current value..
But I think it's going to rise when more this year, a lot more
Godness! that would be amazing but, I see 6 USD more feasible and sustainable for the short time...
Not bad at all as well ;-)
I'll go with that. I'm thinking that 9 might be attainable in the short term on a spike.
Looks like a perfect bull flag and consolidating with volume decreasing. I love this chart as well. I would almost say reversed head & shoulder, which counts if happens in the downtrend and this is a perfect example. It’s has already broken. From now on we shoul change the trend.
Consolidating right on top of the 200 dma, and loosely drawn inverse H&S neckline. This all off of very solid long term support with the technical indicators turning positive and the MA's turning too! It's a beautiful setup for investors and short term traders alike, and that could light a fire.
Well, everything has been going down for way too long now, it's nice to see some positives in the market. Although the market is not going up very much, it seems like STEEM has a bright future ahead of us. We just have to wait it out! I don't think we are going to go lower than 2$, but who knows... Cryptos can be so unpredictable sometimes.
So unpredictable that the only way you can really play in this space is with money you can actually afford to lose!
Yeah, it's the only way!
This pullback is healthy as it provides some consolidation before another move higher. If we are able to breakout of resistance above with increased volume, we may never see a $2 handle again. I’m looking to add here soon but still unsure if I continue my scale in or a heavier amount given the moves we have seen.
We may never see $2 ever again. We said that about $1 not too long ago. Nice to have things developing so positively. And the consolidation continues. All eyes are on STEEM's ability to hold those recent gains!
Sir @cryptographic,
Investors have also become very complacent recently. I’m not referring to sentiment surveys here; we’re talking what investors are really doing with their money. And they’re not buying any put protection right now. In the past, this sort of complacency has signaled a short-term top was near.
Complacency is indeed a very helpful psycological indicator both at tops and bottoms.
Oh yeah, the situation is very proportionate, but it seems to me from the latest events, to predict the price of the STEEM will have to be relative to Bitcoin's price. According to my observations, no matter that Bitcoin is obsolete, it still sets the tone for the market. As a rule, all currencies will show the same dynamics as Bitcoin and the STEEM are not an exception. Thank you @cryptographic
No doubt in my mind either that Bitcoin still sets the overall tone. It's the big name that everyone knows. I dare say that in many places it has become a household name. It's certainly the name that always appears in the press, and if it's going up, people get excited and start looking at other crypto too.
Can't wait for the day when that changes. 😎
Hi @cryptographic ! I saw that quick rise upto $4 and then back. This is a great signal of a pushing uptrend!
Its like when popcorn starts to pop, this is whats happening. Just 1 this time, then 2 or 3 times, and then it will push hugely I believe.
Regards, @gold84
Hi @cryptographic
Here is the current chart
Resistance line at 2.85$ tested for the 2nd time but we failed again to break it.
It looks like that we are progressing inside a descending triangle that I draw you in green. We should now go touch the lower line of the triangle and have a bounce from it. Let's see if the coming hours will confirm that scenario.
I'm not good at charting but i believe that in short time we will see bull run in steem price. Few days back when bitcoin bull run start steem is the first cryptocurrency which increased upto 70% ,,,so it show the potential of steem. Steemit Inc is very slow in their work...they should launch smt as soon as possible because still steem rank is not good in market as it launched in 2016. Thanks for TA
@cryptographic,
STEEM is about to up! It seems like a strong bull trend is out there! How beautiful this is! Without having SMT and other major upgrades the graph is showing this trending means the future seems so bright! Thanks for highlighting this! I am having faith on STEEM than most of other coins and want to do long run with this amazing blockchain as well!
Nice to see you in action after few weeks of silence!
Cheers~
Honestly I don't understand the technical aspects completely, but I gotta say it looks really promising.
Steem is now maintaining it's value at above 2.5$
Hope to see it rise more and SBD along with it
I'm very optimistic about steem :)
It has a single meaning; A great chance to invest.... @cryptographic
Superb update @cryptographic...
Last weak Steem and SBD is continuously growing up... Last 7 days steem increase 44.62% and steem increase 25.63% ... Thats really effective for steem and SBD block chainers...Here is now Steem and SBD market from steem.com review...
Hello @cryptographic,
Extraordinary good chart analysis. I didn't use TradingView application to capture these charts. With Bittrex charts I didn't see a way to capture STEEM/USD trading charts & trading UIs like TradingView does. Probably it's time to move there.
All MA indicators say it's a bull trend of STEEM & sudden rise of volume says the it's time to HODL till we all see STEEM at $10 or above. Valuable & useful market analysis.
~@mywhale
Great post.Loved the amazing post.Yeah steem price has hike and which is great news for everyone in steemit as we have much money in wallet.I think in few day every cryptocurrency has increased like bitcoin 6k to 8k and steem has double and reach $2.76 . Everyone knew it coming as it happens every time as also in a way never goes constant for long time.I think now it will go up and up this year and it great for us and it would go to $7 to $12.I am young to understand chart like that. Can you help me please? It would my pleasure to learn from you @cryptographic .Thanks for sharing it with us.
Great information buddy
we are getting great news
cryptos will get better and better
cheers \o/
hellow
dear @cryptographic
now the situation of block chain market is great then last 7 days,,
it is increasing its demand ,,dear,,delightfull update
oh no ,,its value is raising so quickly
from last week its become high ,,,,blockchain market at positioning greatly high in future,,i remain
really awesome update
dear @cryptographic
its becoming rais at last 7 days,,
sbd and steem become at great position,,and developing day by day
At looking to the market situation i can tell you it's not going high for now it's just like push the gear & pickup before starting the car. the market prize will be high at the last months in this year.
nice update
The good thing is that a new resistance has been established.
It is slowly gonna go upwards, I see very bright future for steem values
All I can say is bye, bye to $1.70. We had our chance. This downtrend is obviously changing. Patience always pays off.
very good .
if the steam price gets better, I'm sure
the steamit will become more crowded.
most likely the price of steam will skyrocket in June
seiting with price drops on other currencies.
Good update ........
3 $ is going to be a little resistance... however these analyses, charting all are for short term, the long term figure I can see is the continual price growth through some up/down spike...
Cryptos price often rising and falling as it's unpredictable but my thoughts after the next month steem price will be increasing as we saw in December 17. I prospect it will not again fall within 3 months.
As a new steemit user, I do not understand cryptocurrency analysis.
But I can say that, If the BTC runs correctly the process is stable,Then steem can be in better position than other coins !!
Your articles of this type give us the taste of the competition.
Thanks sir @cryptographic
its going to be going nearly to 55K sat's lets see many analyst predicting that breakout soon :D
I was as well looking at the chart and as it seems I am really looking forward to the next two days.Hoping to get sth good by the way !
All the best to all of us ;)
Dear @cryptographic
The value of Steem at the moment is $2.69 . It has a current circulating supply of 255 Million coins and a total volume exchanged of $9,012,696. Market Cap $683,964,287
Look at Last 7 days
On Bittrex , the 30 minutes chart is showing a spike from 32k to 34k satoshis, on significant volume
The positive sentiment is growing across the entire crypto markets.