Steem Gunning for $10?

in #cryptocurrency6 years ago

If history repeats itself, then within the next few days, Steem will be roaring to around $10 per coin. The resemblance is too obvious to ignore.



source: worldcoinindex.com

We know that history rarely repeats itself. But it does however, rhymes more often.

The volume also indicates a very bullish pattern. It could be a knee-jerk price jump but who knows, it could hold on to the $10 price range.

Factors that could help Steem steam upwards includes bitcoin's breaching the psychological resistance of $10,000 which is very likely in just a few hours.

I'm also suspicious about the eerie silence within Steemit development team. It seems like the calm before the storm type feeling. Will there be a big news ahead that could catapult Steem price?

Super excited about what happens in the next few days!

Disclosure: This post does not intend to provide investment nor does it represents that the securities or services discussed are suitable for any investor. Investors are advised not to rely on any information contained in the article in the process of making a fully informed investment decision.

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Very interesting and in line what I wrote here.

However, what you're "missing" (well, actually not from a TA point of view looking at the Steem historical data only), is that it was the upward breakout of SBD price that drove up Steem price!

So yes, I agree with you completely that the Steem historical data in Dec 2017 looks strikingly similar to what's happening right now, but I think it's SBD that's going to lead the way for Steem.

Please, have a look at what I wrote (you can discard my BTC replacement sections in my article, since I'm now of opinion I should have split my article in two) but the first half (including some of the comments underneath) might interest you!

@scipio

interesting point. Do you think it SBD will drive Steem's upward trajectory this time again? I read somewhere that more SBD supply was released into the market lately which will surely drive down its price.

A good hope! Depends from the price of BTC!

Steem actually:
3535B5CA-1713-4042-AA63-DEADB54FF1A9.png
Source (external link): https://www.coingecko.com/en/coins/steem

I would like to see history rhyme. Actually, my wallet would like to see that.

I hope you have enough Steem (not Steem Power) in your wallet. It takes 2 years to fully power down.

So far I keep almost all powered up to help gain more. I guess I'm in it for the long run. Still, valued at $10 would feel good, even if I'm not cashing out yet.
Addendum: I was just told it takes only 13 weeks now. Much better than 2 years.

Really? 13 weeks? Do you know where Ic an find the related guidance? Thanks in advance.

https://steemit.com/faq.html
Powering down - If you have Steem Power, you can power down to turn it into liquid STEEM over a period of time. The system will transfer 1/13 of your Steem Power to STEEM each week for about three months (13 weeks), starting 1 week from the time it is started. However, you will lose your influence in the network proportionally to how much is powered down, so think about it carefully. Power downs can be stopped at any time.

Thanks much! Appreciate the info.

SteemIt can be a very confusing platform. I am fortunate to have an experienced Steemian as a guide and coach.

That's good news

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