📉 STEEM Investor Report 12 April 2017

in #trading8 years ago

Trading Recommendation:

Look for trades on hourly trends

Investment Recommendation:

SELL or HOLD, fundamentals continue to decline, pending power downs look lower for next week

Analyst Commentary:

marketing plan. On the investor side, no change, the fundamentals have been consistently declining which tells me that the price level will break to catch up with fundamentals or the decline is built into the price level. Either way, I don't see long term improvement until after full payouts resume.The STEEM price fell 0.81% verse the USD over the past 24 hours on weak but slightly higher volume than yesterday ($149,547) as the Bitcoin price rose slightly then stalled at it's current level. The % vested figure dropped significantly with the new Wednesday @Dan retirement power down of over 1 million STEEM. Active accounts fell slightly but I expect it to rise over time due to slowly increasing rewards. For traders, the recent fluctuations in the STEEM price are producing opportunities for trading on hourly trends (trade opposite Bitcoin trends). Thursday through Sunday should be a relatively low power down period with just over 1 million STEEM powering down. The quieter power down period may allow for a STEEM rally supported with more details being released about the @Steemitblog

Investment Report 20170412.png

Data Credit:

Steemchart.com
Coinmarketcap.com
Steemdb.com

Disclosure:

The report published above is based on my assessment of the cryptocurrency market. Investors should consider this report as only a single factor in making their investment decision. All investments involve market risk, including possible loss of principal invested. The author is a cryptocurrency investor and while he seeks to provide honest assessments to the best of his ability may have a conflict of interest that could affect the objectivity of this report.


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Still waiting for that break? ;) Steem has dropped on the market cap list, but that seems to be due to others rising in value. Steemit rewards are creeping up slowly and the marketing team ought to be getting the word out.

I was looking at Mastodon that is signing up thousands of users each day at the moment due to media coverage. Steemit needs some of that to grow.

I think we have to remember that even the best marketing plans have a lag time before they start working. I agree with their point that communities are our key to success. Hopefully those come soon.