Steem potential

in #steem5 years ago

Reading the market, timing the signals

The feeling with a lot of longer time Steemians is there. We can see the blockchain changing just by paying a bit of attention and browsing different topics. The development seems like it is truly frantic and the pace is ever increasing. Its so hard to keep up sometimes on everything that is going on.

@exyle mentioned one thing in one of his many vlogs about the 200 Moving Average seemingly turning (like one of those huge ocean ships it takes a while)

https://busy.org/@exyle/the-ma200-on-steem-usd-is-so-close-to-turning

But not only that, there are more long term TA signs the tide is turning.

The red line is the 200 MA
The blue is the 50 MA
The green is the 100 MA

The tide seems to be indeed turning for the 200 but steem is over the line and over the 50. So next thing to hit that would be the 100 MA. This is the resistance we are facing right now. If we succeed in breaking that 100 green line and close above it for a while then steem seems posed for a nice run up back to 0.5 or even 0.78 in dollar terms. The BTC price as well seems to be turning around.

Screen Shot 2019-06-11 at 10.08.03.png

Looking at the FCAS

Another thing that is not widely know is that coinmarketcap is using the FCAS (Fundamental Crypto Assets Score) to rate coins and Steem has been rocking it as of late so that is another indicator that helps to raise the blockchain influence.
This sudden jump we really have to thank to @andrarchy, Steemit and @steem.marketing since they are now providing blockchain data to @flipside crypto (the company behind the FCAS)
https://busy.org/@steem.marketing/tsp-ep-6-interview-w-dave-balter-team-behind-fcas-score

Screen Shot 2019-06-11 at 09.12.30.png

So things are looking good and positive for our favourite blockchain in this sense.
Lets hope that the trend continues and that we are able to see some fruits of all our proof of brain labour.
If not, well I will just keep on posting since I know this future is out there.

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Extremely exciting times on the Steem Blockchain! And even if we don't manage to break it this time, it's only a matter of time. For me, it's inevitable.

Same here but for me steem needs to go a lot higher to be able to live off...
Are you guys going to Steemfest this year?

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It's so beautiful and nice to see that climbing steem price but my steem is not for sale. They're here to stay and accumulate. I considered them as status qou 🤗

Same here, not selling any for a while

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It will really be great to witness steem rise up and rise. But before then, I guess I need to continue blogging on steemit not minding the price

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