I've found some indicators, which might proof that the next bull run on steem could just have started today. The recent 50% rally on Steem & SBD some hours ago consolidated a bit and stabilized itself on a 30%+ growth in price, which brought up the following reoccurring pattern of a beginning bull run:
I think I got to note that I'm no charting specialist and that no one should take my words as financial advise but as a strong believer into the future of steem I see this as the beginning of a glory rally. A rally that'll bring us closer to lambo and moon as so many like to say.
So what's your opinion? Am I just a very big optimist or do you as well believe in the rise of steem over the cause of the next days, weeks and months?
Leave a comment with your opinion!
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If you look at the volume of SBD traded looks like a pump and dump.
Usually volume is around $800,000 and now volume is at $98 million.
Hard to have that volume for a pump and dump. I think some insider news will come out in the next few days.
Not really you just have one person or a group buy it all up that's what a pump and dump (they just have to wait to dump) is. But yeah that would be very interesting. Let's hope for the best :)
I really hope we can keep up the pace for a while. After all the blood in the last couple of days, seeing some green is like a breath of fresh air.
I didn't even check prices today. Nice!
I think we'll soon see steam above 5 USD
If people are smart, it is because they are loading up based upon the announcement of the hivemind getting closer to release.
That said, I dont believe it has anything to do with it. Markets do not act logically...that is why people screw up when they watch markets and try to figure out what took place. There is no logic to it.
Good to see the price of Steem up and that new releases are beginning to happen like hivemind, etc.
I still think it can go either way here. The increase is probably related to getting above resistance at really cheap prices so some could have decided to add to their Steem Power as it seems like a good price point.