Price Analysis: STEEM Bull Flag How High Will It Go?

in #steem8 years ago


Over the last several days a bull flag pattern has formed that when completed should propel us to uncharted territory with new all time highs. Check out the details in DashPay Magazine's latest video.
#money #steemit #steemstats

Sort:  

Hot damn this was a masterclass.

Mega-Trader-Upvote!

Well I DO partially agree with another comment, that no one can truly predict what will happen with a current trend. I have to say there is a HUGE difference between steemit and the banking/investment industry, and that is IF steemit goes in the toilet, tax payers won't be forced to bail them out and send @dan and @ned multi million dollar paychecks!
For that reason alone I feel confident in this trend AND the future of steemit!!!
Anybody else???

In theory the long term trend of steem value per 1 steem should be downwards - due to dilution. I mean we don't get +90% on SP for fun - it is to counter expected dilution. Short and mid-term are another issue altogether and is too unpredictable for my preferences.

Hope you're all ready for moon time?

Fingers crossed lol

I hope you are correct @dashpaymag i am gobbling up as much Steem as i can and i power up more and more as i gain confidence in the platform, the blockchain, the execs, and now the community too.

Steem will breakout the resistant soon

Steem on fire

I wonder how many people are waiting for accounts now? And i wonder how much these people will drive up the price when they get to sign in? It's going to be exciting.

Really valuable info here. Thank You

Wow just check out the sheepminded mentality over here. Has it ever occured to you that on this forum, you might just interfere with one sided opinions as each and anyone active in this community is actually a steemit-proponent. Let me tell you this: anyone can prove anyhting with graphs and numbers. I was an investment banker for 5 years and nobody, yes that's right, nobody can correctly predict an asset value based on historic prices. one can see a trend, but only for as long as it holds. And for as I'm seeing now, the trend is reversing. Don't follow trader's advice blindly, cause in their opinion it's always the right time to invest. Be critical and make up your own mind.

good analysis!! lets hope for the best!!!

great Post
here you find all the best STEEMIT links
https://steemit.com/steem/@nioctib/best-steemit-links

I think steam easy coul pas ETH.
Couse it had a kind of great support when ETH was maintranse hard fork.
Hope you get out this word mate.
Bon weekend my friends ;)

good video @dashpaymag we're going to see what happens next in the hardfork, can't wait to see markets reaction 8]

Get our finger cross and hope for the best! SteemBull!

very good. i am comparing this with what i see in ether tonight after the coinbase pump. seems almost the same to me. maybe we are waiting on ether to break $15 resistance. i know what a "bull flag" is after watching this video. thanks!

You have fan dash

bullionstackers

We can only hope so! Thanks for the share

I've been looking at the buy/sell on Poloniex. Someone is buying everything that fall below 0.005 BTC. I guess somebody knows something wink wink..

All time highs! I love it... fly you good thing.

Great video, thanks for sharing. I think you are on the money here. I think in the long run, STEEM will decrease in value due to the 100% inflation rate. But it's going to go up sharply for a while now. Particularly if Steemit hits the mainstream - the sky's the limit!

Nice analysis, Regardless of the movement i am holding on to what i have. It is obvious there will be a flood of money hit the Steem exchanges soon. Long haul or nothing for me. ..Thanks for the video:).

You are on it Bro! Thanks for for the chart reading...Gives me more Insight to where we can posibly go In the future:)

Dude, perfect lesson in Technical Analysis for beginners to everyday traders.. Great stuff!

Maybe short term, but I medium to long term the price has to fall. Unless the demand grows exponentially the 9 months of high interest rates on SP is supply boost on the market.

in my opinion Steem will go down, in fact my suggestion is to sell it for sttem power or Steem dolllars, but of course i can be wrong, thank you for share

Interesting analysis. How did you actually learn about all these patterns ? Is there a book you would recommend a beginning trader ?

learned some shit, good post.

Strategy wise I would say the best thing to do is take a small position in Steem now, in case it goes down.

If it goes down, buy some more up cheaper.

If it breaks out add a little more to your holdings.

DO NOT go ALL IN!

Never go Full Retard.

Hi Erin

Get in touch if you'd like to get a Steem-Index going via TradingView for better charting?

Ta