First of all we will discuss general scenario. When we are in bullish market even the worst scenario won't impact the bull run. At the same time in a bear market the best will also don't make a big impact.
Secondly markets won't lose opportunities to take profits. But these profit takers will be less than 5% of the total population who are involved in the markets. I guess the current crypto markets are in capitulation mode. I don't see any major spike in the markets till one more year.
But coming to steem I guess after successful impementation of SMT we can see a short term surge in the price action by about 50%. At 50% Steem will settle around 1.4$ which is a good resistance level. If it breaks above that level then there will be another price action.
Successful main net launch like vet also seen a major uptrend like this. It has grown almost 50% and settled at that price. We can't compare one with another as both have their own markets and different price movements. But as a general investor we should take a note of others mindset also.
Hopefully I have answered your query. Thanks for asking this as I got a chance to look into the chart.
Woow, very detailed and informative post. I will have some more questions later on.
Are you deeply involved in the blockchain., trading?
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Not deeply involved. But I have been following this for quite some time. Doing it as a part time.