The MA200 on STEEM/USD is so close to turning!

in #exyle5 years ago (edited)

IMG_8169.jpg


If STEEM would be much higher tomorrow do you feel like you have enough?

I ask myself this question every day.

And the answer is always the same.

No. Not yet!

And I believe this is how everyone should feel that is trying to earn STEEM today.

However, you look at things when STEEM lifts off you are part of a select few in the world that managed to earn STEEM by yourself.

I have not a single bit of illusion that earning STEEM in the future will be easier for most, myself included, and it makes 100% sense to me to work as hard as you can to earn every piece STEEM you can get today.

The fundamentals of Steem are sound. If you want to see a small part of those fundamentals check out this video I made to get a better idea.



The only thing that has been lacking lately is the price.

I have wrecked my brain trying to find reasons why. I haven't found many answers.

I now just see it as a gift for the builders of this blockchain.

Talking about the price.

This is one of two charts I look at every day.

I have shown it more than once and the most important of it is the MA200.

It's very simple to read. The green line is the current price momentum over 200 days. It's an important long term indicator of the price movement.


Screenshot 2019-06-08 at 09.49.11.png


About a year ago that indicator turned bearish and for me, that indicator is like an oil tanker at sea. It can't just stop and turn.

It's easier to see when you zoom out.


Screenshot 2019-06-08 at 09.54.29.png


I think on the 15th of December 2018 ($0,21) it was decided it wanted to turn but it takes time and momentum to turn the MA200.

We are now half a year later from 15th of December 2018.

And now let's zoom in to today.

We are very close. Not there yet, but the closest we have been in a long long time!


Screenshot 2019-06-08 at 09.50.25.png


I don't know if we will turn it this time around but it is fun to follow and exciting too.

Would be nice to get out of this bear trend though!



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Well, with palnet, weedcash, Steem-engine, etc... there sure as hell are fundamentals to support a technical bullish turn!

Posted using Partiko iOS

It will not help at all IMHO. STEEMs chart relays on Bitcoin chart, not technology standing behind palnet, weedcash, or Steem-engine

I honestly hope I can get at least to the 100k SP target before it turns, it would be a great achievement considering that I was 100% convinced that the train was gone when it reached 8$.

If it goes up tomorrow this would be my only regret, I know I can reach it anyway eventually in the future, but nothing like buying today at these prices.

It has been a long and sometimes though accumulation phase so far but I believe it is worth it in the long run.

You are not too far from your goal. You will get there regardless! It's been a long downtrend for sure, hopefully, it will turn soon.

I always look at STEEM against BTC and to me it looks like 5600-ish sats (atl) is a major range of resistance. Once it pushes through that (it’s been tested once) it will build bullish momentum. That’s what I think anyways (not financial advice lol). Great post . Upvoooooteddd!!

Posted using Partiko iOS

I'm also looking at STEEM/BTC (it's the second chart I look at). We are so close to the bottom it's crazy (and a little depressing, lol). The upside potential is pretty big. I'm personally looking at 5800 sats to break, which is the previous all-time low from March 2017.

Wrong mug dear !

You are right! Sorry!

I didn't think I'd see 200 day moving averages in crypto, everything seemed to move so fast. In stocks I did appreciate a 50 day over 200 day cross over, I hope a positive trend is on the way!

I'm hoping for the same, it's looking good, almost there :)

I'm quite alright with crypto as is for the next foreseeable future im earning some stake and buying when I can in steem and other cryptos without overextending myself. I think once we've gotten to a point where blockchain projects are an actual competitive alternative in the market will be a few more years. We can ride the swings now and ill try to make gains on it but Id like to keep a stake for one it does really get mainstream adoptiopn

We in that accumulation mode 😉

Posted using Partiko iOS

The market is about to decide where to go, and I can only see it going up... at least I can´t identify indicators that point the price to deep.

I have learned that crypto will take you to the brink and then take you a little further. I do have a plan for both scenario's but I'm rooting for up.

Yep, rooting is all we can do for now, but I´m confident!

So what you think exactly is this the right tine to buy some STEEM or wait to buy for it to get a better price like 0.20$ in next dip?

Posted using Partiko Android

The best time to buy is always to DCA - dollar cost average - your way in to any investment position.

I agree 100%!

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