STEEM looks like it is done with the correction. We have established a strong tripple bottom @ 29500 satoshi.
If this count is correct, wave 5 is on the move. And you know already that wave 5 likes to extend in cryptos.
A big push could be imminent. Not only in STEEM but in many other cryptos too. If BTC surpasses the invalidation line, there will be no hope left for the bears and the overall marketcap should double easily.
Great times ahead again. Buy when everyone is fearful was the best advice again! I invested all my funds that I had accumulated for this occasion 9 hours ago, when I was back home.
Let the altcoin party begin.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. 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 (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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Have a nice day :-)
Thank you!
I am rdy for the moon!
The bears had enough fun for now.
I bet you are, if I look at your savings in STEEM ^^.
How will SBD pump relates to STEEM's upward trend? It looks like SBD rise dampened some of the STEEM uprising. Also, we may have seen STEEM ATL at $2.77 recently, if we never see another below $3 this year, that is strong bullish sign for the coming years.
thanks for updated seem good!
Great move. Bitcoin may go sideways or even lower but alts are showing some great resistance. As I expected SBD outdid STEEM and I'm glad I put the few bucks I could find on SBD. I didn't buy any STEEM.
Hi @ew-and-patterns,
What would be good entry point for purchasing Steem? As per your recent BTC EW updates , there is fall likely to happen in BTC so in that case what would your target and analysis for Steem price?
Thanks for sharing valuable info.
I like your break-downs @ew-and-patterns thanks
Yaa,,it's really useful information.
Thanks.
Thank you so much for the beautiful work!!
Steem is Power!! Have a nice day dear @ew-and-patterns ...>>
Thanks for the update news
just carry on dear
best wish to you
resteemit done
Good work @ew-and-patterns. I noticed this about 2 hours ago. Steem starts increasing again.
really helpfull & informative post dear friend @ew-and-patterns thank for shareing
Fantastic post! I couldn't agree more! I also love to look at technical analysis if you'd like to check out my page or chat about it on Steemitchat I'd love to here your insight and discuss the charts! :)
That's the golden rule of investing. "Buy when people are scared, sell when people are greedy" :)
Nice post,really a very valuable and very useful post ... thank you @ew-and-patterns
Its definitely worth more than a party. Fly steem fly. Make everything else fly. I think every coin is gonna be high on grass now.
Seems like great news for us. Strongly agree with the advise that you should buy when everyone is fearful!
I'm not really good at analysis and stuff but from what I understand this could be a major bthrough..
Thanks for the permission to share your charts. If I find need of analysis reports, you'll be my first point of call
I'm ready for the altcoin party! Exciting times ahead now :)
I have just followed you, kindly follow back
I was so surprised when it corrected high again. I thought the dip might have been partly a correction but I guess not. Guess we may get that 20 dollar sbd sooner than later.
Also - NOW might be a good time to convert some SBD to steem... it's @0.75 - much better than the 1-1 of late. Again, this isn't advice!
Wow chart looking amazing
I liked the charts and interpretation thanks and upvoted!