STEEMBTC
has closed above channel resistance and bulls will now look to take out the 39-43 resistance zone from last week. A break above 43 would target the August high at 50 square, followed by the 58-64 zone marked by the July 23 high:
STEEMUSD
This is where it gets interesting - though STEEM didn't close above last week's highs against Bitcoin - it did set a new closing high against the US Dollar. This is the first time we have finished the day above $1.60 in over a month.
STEEM remains bullish against the buck above the July lows, and the close above $1.60 targets $1.80 and beyond:
STEEMAUD
More of the same against the Aussie: close above $2 and first time we've pulled that off since mid July.
Close above last week's highs targets $2.25 and $2.50:
That's me for this weekend folks, back with my regular wrap tomorrow!
Team Aus footer by the amazing @bearone
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Still don't understand half of what you said, but sounds positive for Steem.
Steem deserves to receive positive feedback.
I agree, though I'm starting to question your judgement on whether or not something is 'deserving' ;)
Hahaha how's things mate?
Good, loving the Delegated Steem, I think it is time to invest more though.
I put these charts together the other day, I feel Steem could be about to explode like Bitcoin did in 2013/17
https://steemit.com/bitcoin/@prime-cleric/bitcoin-history-and-conservative-future-charts-to-2020
I'm expecting starting with September a serious pump restart for Steem tokens.
it's about time ;-)
Me too.
Big fan of your custom indicator to show Steem v USD and AUD!
But when I attach it to a TradingView chart, it stays there even when I change to another market. For example I'll be looking at a STEEM chart with the indicator attached and then when I click EUR/USD in my watchlist, it will stay attached to that chart.
Can I make it only display on the STEEM/BTC chart?
Hey bro, sorry I missed this!
I'm not sure if that would be possible to code: it would be easy to make it break when you switched to another chart, but I'm not sure if you can command Tradingview to close an indicator for you.
It sucks they've changed saved charts to 1 now for non-premium, I tried to do a save as the other day to avoid your problem and it was like bur durm. I might have to go premium again.
I hope you are right and we're on a rising trend. I do think this is one of the more interesting currencies, and we deserve more recognition!
Mmm ... I'd like to see a decent surge higher against BTC to confirm ...
I have a question:
Steem seems to radically drop out of nowhere though, unlike other coins or tokens, is there a big reason for this?
I mean, I guess what I'm trying to ask is, what gets people to dump Steem, because I never hear anything negative about it, and yet... people still dump it.
Well, I guess a lot of people cash out to see if it works (I'm speaking about new bloggers).
Ahh, I see, but if they are new, they shouldn't have that much to cash out I would imagine.
Soon they cash in back :) it is true what you say. I have seen it too and maid same. @cryptoeera
The thing is, lots of people have already made their millions on Steem or derive a full time income from it. If these people want to access their money, they have to sell :)
feeling proud to be at steemit!!god info
https://steemit.com/@loku
Please upvote+resteem+follow
thanks
Nice Work Sir, Up Voted.
Indeed good analasys...
Spare me a vote for it then buddy?
I follow you follow me please
No
As I have mentioned before Steem will go to the moon the moment a serious service is built on top of Steem. I am hoping that will take another 3 to 4 months as that will give me enough time to invest more into Seem ;)
That's a great approach.
Me too I want to stack a bit more before it goes too high, EOS too :)
Great on-topic link drop btw and really enjoyed your post. One thing that worries me with the growth of Steem and new platforms, would be the ever increasing load on the rewards pool. For example, if an image hosting platform popped up, Steemit would just be littered with memes (even more than it is now).
Informative
Thanks for analytics. Have a good sunday
.............
@permatek - My last post : How Silicon Valley discovered LSD
So since you know a lot about this stuff, I always wanted to ask the question, who's buying SBD? As far as I know, SBD is only paid out from posting, so why is it bought for anything other than trading?
Are there people other than traders who buy SBD?
I suppose it depends where you draw the line between trading and investing, but technically, any one who buys or sells a cryptocurrency is trading.
SBD is essentially pegged to the US Dollar which makes it a very attractive hedge. It's also a hedge that doesn't require you to trust the issuer, as it's not backed by $1 USD, it's backed by $1 worth of STEEM.
If you wanted to sell your crypto investments temporarily, without having the hassle of going back into Crypto from fiat down the track, SBD would make a lot of sense.
Hmm yeah, that makes a lot of sense! There isn't any other cryptocurrency that is pegged to the dollar, is there? Thanks for explaining it :-)
Every time it goes up and i look at my buy limits.
Didn't get filled?
Upvoted. I'll be resteeming this now :)
Thanks for the support mate - much appreciated!
Good info :) I think this year we see 3.10$ up steem
I'll drink to that - Cheers!
you are welcome :)
I think this is the result of everyone's effort. In fact we are now more than 300,000 active steemians. But sad to see, more money is going out than coming in.
Based on these stat, steem will hold these new based line and continue to pump starting next month. While next year we reach $10 mark.
It is a tough one, I haven't withdrawn any STEEM to spend in IRL, but I have withdrawn a little to trade elsewhere. If you were treating STEEM as a full time job, or it was your primary store of wealth from which you were living on dividends, you would have to dump STEEM pretty consistently.
Would love to see it at $10 XD
Awesome !!! I read it thoroughly,Its great.
Nice work,Good luck
keep it up :)
& please upvote back.
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This post has received a 0.52 % upvote from @drotto thanks to: @banjo.
Thanks for all the information !
I always love the technical analysis charts. Great for levity.
If the price breaks through this arbitrary point X, it will be higher than it is now.
Well .... uhhhh ... yeah, LOL
I also know 7 is bigger than 6, and 3 is bigger than 2.
Good fun.
Are you the same "financial wonk" who'd never met a profitable day trader?
What are your thoughts on quantitative trading? Because the line between that and tech is pretty blurry sometimes ... and I know a ton of techies that outperform the world's best quants (in the quants' defense they are managing billions, not 10s of thousands)
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STOPYes, performance against USD has been more encouraging. I posted about the price action against BTC a few hours ago and testing the channel.
It's already breaking out of the channel since that time as you pointed out above. Lets hope for some follow through.
I am liking those lines. If total market strength holds, STEEM has a ways to go up. All-time highs, now that DTube exists, is not off the table.
good post thanks
I am a new steemians, maybe i should study first with you, regards know me
https://steemit.com/@yogawithadriene
please follow me
I followed and upvoted.Would you like to follow and upvote me.