SUMMARY
The Chalice of Wealth, STEEM, washes away all your iniquities of greed and replaces it with gratitude for the coming MASSIVE PROFITS!!
A BREAKOUT IS TAKING PLACE!! THIS IS THE BIRTH OF THAT LONG AWAITED BREAKOUT!! I FEEL LIKE A NEW DADDY ALL OVER AGAIN!!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
Follow me on Twitter for Real Time Alerts!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
I wonder will someone be able to explain what really happened in steem world? For so long both steem and SBD were tumbling around ~$1. And tonight steem jumped +25% while SBD +230%. Why is this? Why this SHARP jump? And what makes sbd to walk so much away from it's native $1 where it should sit all the time ? This SBD price crazy fluctuations is a total
mystery to me.
BTW i put another $1300 into my steempower about a week ago. I'm so glad I did.
Looks like SBD is pumped. It is easy to pump due to its low circulation. Pump was coordinated with STEEM's uptick. For STEEM uptick, it could be correction (has been low for a while) or Korean exchange news. During fake pump of SBD ($3), people chased to the peak to dump, if they can't they lost big. Eventually SBD will be back to $1.
I just yesterday invested 4k in STEEM.🤑
Toasts! [raises glass]
I think all Haejin Lee's followers are not far from doing this on a regular basis...
Now we all gonna enjoy the upvotes! 🙃🕺
You read my mind!!! My spidey sense was tingling so I checked Bittrex and couldn't believe my eyes!
SBD spiked up to $3.87?!? Currently at 2$?
Get ready for a wild ride...!
Perfect definition of pump and dump. Absolutely no news to justify such increase.
Watching transactions on bittrex for about an hour now. It's better than any action movie!
Better than porn! All this mojo gathered for such a long time burst in an instance all over eager Steem.
[edit] don't reply to that please - it's all this excitement.
ahahaha I mean you're not wrong!
Thanks very good post !!!!
Awesome Work!
Keep it up!!!
@cryptoinvestinfo
your CryptoInvestmentExpert
The hair on the back of my neck stand up!
Nice ! reSteemed
Cool! 😎
This handle was getting very long.
the longer the better
If by any chance you have a interest in Factom (FCT) I would be greatly appreciate that you take a look at its chart.
I believe in Factom ,here is why.
Factom is one of the most advanced players in the modern data storage market, relying on blockchain technology to store information in a decentralized but highly secure way. Creating a blockchain involves linking different records to each other and marking each record with a timestamp and a cryptographic hash function. Once all the records are linked, it is not possible to change any one of them without altering all of them. This dramatically reduces the risk that anyone will be able to tamper with the data, providing a high degree of security for the long haul.
Factom takes this secure blockchain method and reinforces it through decentralized data storage. Rather than rely on a single, centralized control system, Factom is controlled by every member of its network, which operates on millions of devices all over the globe. This reduces the risk that foreign hackers, terrorists and rival companies would be able to shut down the network and deny Factom users access to their records. As a result, not only can users count on their data to be accurate, but they also know they will be able to see it at any time.
Factom created the Factoid alternative currency in order to control who is able to access the network and enter data. Potential users must first buy Factoids, which they can purchase with Bitcoin. They can then exchange those Factoids for entry credits, or ECs, which a user must deliver before they can enter data. Whereas Factoids are transferable between users, ECs are not. As a result, a market can develop for Factoids based on the value of the overall platform.
Factom chose this access method to give its users an incentive to run the system responsibly. The better a job users do using Factom, the more valuable Factoids will be, giving those responsible users a financial reward. Because Factoids can be traded, they have the potential to become widely used for storing and transferring value: that is, they can become a currency. But because they have a purpose other than to be used as money, their value is not dependent on consumer confidence.
Factom has expanded its user base rapidly, and has recently gained the approval of the United States Department of Homeland Security, the Chinese Smart City program, the Bill & Melinda Gates Foundation and countless other government and private authorities. The more organizations that use Factom for data storage, the more demand there will be for Factoids, making these units increasingly valuable worldwide as a currency.
i used to have factom, but it was a slow mover back then. maybe it's time for it to moon?
Being listed on Korean exchange tomorrow guys, that is most likely the cause.
Korean exchanges he been a good reason in the past.
I heard that Korean guys are hot and like to invest huge, like huge money, so, the prices are going to the Moon. 😂
ALL ABOARD!!!! time to take the ride in the STEEM TRAIN!!!!! ALL ABOARD !!
I'm very curious what events or news justify this breakout. SBD is even more crazy.
Wow, this is the best news of the day. Thanks for sharing!
Now it's rising :-) ... Very nice job!
Just getting ready to take a swim in all these alt coin profits...
Question for educational purposes. Is that possible that it wasn't a breakout, but it's another top supporting larger downward pointing triangle? May the third part of corrective wave (C) be somewhere further in the triangle (like another bullish wick I drew)?
Possible? Yes, but possible is not same as probable.
The b is too low marked, it should be at the next peak further right.
So is this what happened? It was a false breakout?
I don't think so. Will post update tomorrow
Jerry Banfield bought a ton of Steem. That's all...
Today SBD King :)
You made me laugh... "I FEEL LIKE A NEW DADDY ALL OVER AGAIN!!!"
I was going to say the same. Congtatulations on your new steem-baby! May they grow up big and strong. 🤣
How long is this projected breakout to last?
Its should lead to impulse
thanks @haejin. I am new to this but following your posts has been super educational thus far.
Hi Haejin, laddering out- im planning to set some sell orders starting around $3 then upwards. Looks as though just doing its first small correction currently as predicted in the Elliot waves.
Do you use a particular exchange, I had my steem somewhere else however was going to send to Poloniex to set the sells... BTW love what you do here for everyone!!! About to get some BTS as well :) Thank you!!!!!
Thanks for all u do here. Curious on XLM update. Also do u have consulting services? I am interested. Thanks!
like most coins that broke out, it's probably gonna have 40-60% then have a retracement... that's just my observation tho.
Safe to buy in now and hold overnight, or no?
not sure. it could go like EOS and never look back or like CVC or MTL that went back down.. if you plan to hold long term, now would be a good time to ladder: buy now, buy tomorrow and the next.
wooohoo been buying since .88USD!
A huge buy spiking us up and then a huge collapse selloff? Any ideas?
That's how Elliott Waves move
That fast ?
Thats how pump and dump moves. Anyone here thinks all of sudden everyone decided they were going to buy steem and pump it? Its pump groups at work. look at steem dollars it went to 4 dollars and then got dumped. Its just getting people to chase and then bamn, hella people end up losing.
How come sbd exploded to 26k sat ?trying to find a reasonable explanation im lost.
So buying Steem and SBD is the same thing. Right? Sorry newbie question but am really confused. Which one to invest in.
STEEM. SBD supposed to be pegged to $1 and will get back to $1.
Thanks!!
Thanks. Any update on Verge is appreciated. It is now at 73 sats.
Hits Close to home!
Hello! What can you say Steem Dollars (SBD)? Where can he go?
Thank you!
I've just bought the dip after the initial breakout - going to park my BTC in STEEM to wait out the (presumed) dip/correction in BTC and then hopefully be able to buy back the same amount of BTC on dip while keeping some STEEM as profit.
Congratulations for the baby!
HAEJIN IS THE MAN!!!!!!!
To me in absence of any major news this sharp increase in the price is nothing other than a pump.
My advice to anyone who wants to buy steem or sbd is to exercise patience.
The price will correct in no distant time
are you referring to what happened the other morning around 04:00? i was asleep but saw that it broke out, but than came back down again, so i missed it. damn gotta wait again
Really do hope Steem does go up in value so all the Steem you earn becomes even more valuable! you really do deserve it for all your hard work :)