What end? Duh... The end of this exhausting downtrend in the price of STEEM of course...
This is the current development of the waves:
As you can see, we are in the final stage of this downtrend and I will soon make one final big transaction of fiat cash into STEEMPOWER
I have been right about this count for months now. I told you 2 months ago what had to happen for the trend to reverse. We need a panic low. An we will find it soon. Remember this:
Or this:
And compare it to this:
I would say this is pretty damn accurate forecasting. Yes, STEEM really took its time in this bulltrap wave 4, but the standard ZigZag pattern that i projected did happen after all. 5 of c black is going to be completed soon. I can't wait for the explosion ;-)
This weekend might be a good time for my big transaction. Why? Because a panic low usually happens faster than expected.
Stay awesome and stay tuned for the next update tomorrow or on saturday.
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If you think this to be useful information:
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)
UPDATE: The strong support at 1$ STEEM is gone for now.
Wave 3 black is done already. Waiting for wave 4 black today. The downtrend could be over tomorrow.
This downtrend has to do with a lot of people living on steem. They acquire a lot of steempower and they cash out their earnings.
It could be steemians that lose faith.
It is hard to see a tiny group eating the cake 🎂 without posting anything.
With the coming SMT Token I vibe on this . I will certainly be trying to buy more as soon as possible
Lets hope...
We aren't giving up just yet.
Enjoyed reading your analyses, I hope you are correct on both steem and btc retraction, I know I would see that as a buying opportunity should bitcoin pull back to 3000. Thanks for the info
img credz: pixabay.com
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Your post gives me so much Hope. Hopefully, it comes true.
You arent the only one counting a big reversal in BTC.
I foresee the explosion in Steem also. I am sure it is hard to tell but where do you Fib retrace levels put the explosion in your opinion?
I can't make a fib projection until wave 1 and 2 are finished. It could be anything between 4 and 10$ for big wave 3.
BTC wont pull back before October 25... People is buying BTC to get free bitcoin gold...
You may be right because of the fork and that's ok. But one thing is for sure... You will not see 100-200$ up every day until the 25th...
Also hope you are right... So i can sell some steem high and hold more BTC until the fork... Then i should buy again more cheap steem after dumping the BTC gold...
Just buy the dip
I will certainly do it. If this count is 100% correct, the coming buying frenzy will surprise many, but not me. I will not be buying @>4$. So it's now or never.
I believe in a few years we will look at current Steem's price like it's was when it was at 7 pennies.
That is exactly what I am hoping for. STEEM is not even close to mass adoption yet. A STEEM price above 5$ would bring in a lot of new investors.
This downtrend is because people dumping steem (and all altcoins actually) for buying BTC before the hard-fork, after the hardfork things should get back to "normal" (people buying super cheap altcoins)... Though we still have another BTC hardfork on november, so this huge altcoin dump could repeat itself or last longer than expected...
Well let's hope that we will see an increase again after the hard fork.
Well, never mind the price of steem. What I want to know is how, within a single post and less than a month on Steemit, you have managed to acquire almost 600 followers... :-)
I did not get 600 followers in a month. My account is now 120 days old and I have 920F. So I averaged 230F per month. This is a good average and I am confident that it will rise next year. Don't compare yourself to others.
How did I do it?
I could swear I saw on your profile yesterday that your join date was September 2017. Maybe I'm getting old.
Anyway, I agree with the rest of your comments. Asking for upvotes is one way to ensure a person will get none, at least from me.
Good question!!!
BTC retraces back to 3000$ soon??? LOL...It is not going to happen, now the new support line is around $4980
It actually could retrace a lot more than that... but not soon. It will now likely complete wave 5 first (7000-10000$) before doing so.
Are we off!?
No we are not, watch my most recent post please for more info.
This post received a 4.15% upvote from @randowhale thanks to @ew-and-patterns! To learn more, check out @randowhale 101 - Everything You Need to Know!
Funny. :)