SUMMARY
Many are saying that Facebook (FB) will fall flat on its face and that's good for Steemit because FB users will migrate to Steemit. I disagree.
The below chart shows a very handsome looking channel for FB and on three occasions generated a bull wick event (white circles). Price did not in any instance decisively breach the lower trendline. Would you be a buyer or a seller of FB at this point?
Let's add the MACD. The weekly MACD is showing oversold conditions. The white 12 week moving average is curling upwards, following the trend of the red histogram making higher lows. Price has made higher lows but the MACD Red/White averages is making a lower low. This is a bullish divergence. Would this be the time to be taking BUYING or SELLING actions?
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Steemit is the main threat for Facebook (especially after Cambridge Analytics scandal). Be warned. It is coming.
It could be but not at present. I'm a bag fan of steemit but until it's functionality matches or surpasses that of Facebook, it won't get mass adoption. At present it's still very limited and clunky. Having said that if steemit can seriously improve its UI then yes we could see this happen
... and solve issues with steemit mobs that abuse it.
Unfortunately that is also true !
True, but Steemit is only 2 yo and should have a bright future imo.
Would love to see your take on Amazon haejin...thanks for the great posts friend
Hmmm.. Nice read..
https://steemit.com/photography/@shahinahmed/photograhy-is-my-hobby
Facebook is a scam but people just don't seem to understand it.
I agree with your TA though !!!
I am really this is nice post
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I agree. Facebook is too powerful for something like this to effect its price. However, I will say I feel the majority of tech stocks are highly overvalued currently, and Facebook is included in that list. People won’t move away from FB and onto steemit because the steemit distribution was a miserable failure, and on-boarding new users is a joke. But on boarding is something we hope to fix in the next version of vapor
I agree the tech companies are over valued but so to is a lot of crypto ! Most have nothing to show other than pure speculation or a "wallet". Having said that please everyone keep inflating the price of crypto and give me a heads up before the next crash lol
ha ha
I hope FB will fail :) even is win trade i will never put my money in this spy company :)
good
nice post
I just fell in love with you :-)
haha really :))
got the same opinion :)
how could a Steemit or similar network be a real alternative to FB ?
alone the technological infrastructure is too strong ;-)
Also the possibilities to communicate with others is simply unrivaled..........
Help me ,please one vote on my post
Great article and very informative, thanks for sharing. I've smashed the upvote button for you!
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your post is very nice,i like your post,
good inventions, i like it.Excellent article. Good luck to you!
Hi everyone, feel free to follow me for more detailed technical analysis. I will start posting up to a couple times a day. Let me know if there are any particular coins you are interested in! Here is an example: https://steemit.com/crypto/@heyitskolin/neo-btc-analysis-will-neo-take-the-red-pill-or-the-blue-pill
nice post buddy
facebook can die
FB has been spammed alot. Its not reliable anymore :/
Since facebook got itself accused in several reasons...This is going to happen soon i believe...Thanks for the post..You always amazed me..how fast u can catch up and then analyze the market...Incredible.
why is that? this is second time u are posting same thing..Could please explain.
Steemit. LOL!
Really wanna know what you think about GOLEM GNT :)
It would be a hard task to make FB fall down in his knees even with the issues about that data. People are too addicted to it and they somehow don't mind the consequences of using Facebook.
good inventions, i like it.Excellent article. Good luck to you!
Interesting read. Makes lots of sense because i have a business page on facebook.
To be honest, I have never understood the algorithm and sponsored ads
I'm done with Facebook. I barely post on there anymore. I think my next step is to delete all my pics and possibly deactivate the page.
https://steemit.com/steem/@studgriffin/the-irony-of-abusereports-a-system-designed-to-fight-abuse-run-by-the-biggest-abuser-on-steem
bernie is the worst! help me spread awareness!
@studgriffin is on the @abusereports blacklist for being a bad Steemian! Bad spammer, bad!