STEEM: ABCDE Patterning Since December 2017
SUMMARY
For Altcoins, each has a slight difference in pattern preference. As we've seen how Bitcoin prefers wedges; STEEM is currently patterning a sizable abcde triangle. The below chart shows that each of the ABCDE can be subdivided into smaller abc waves. So, if A,B,C,D are complete; then E is in progress and is expected to soon complete.
IF the final E wave is subdivided as a ZigZag (5,3,5); the first five waves can be seen as complete; the brief abc can be seen as complete as well; and the final 5 subwaves of the c of E is in progress. This could be exciting not because STEEM might revisit he $2 range; but because of what could come after the E wave completes.
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Technical analysis is one thing, but nothing beats the effect of news on the price of a equity/coin.
the forecast is not optimistic :) not only because of technical analysis! but also because the project is developing poorly. plus the problem of whales. plus a dispute with Dan
Coins mentioned in post:
Great Info!
How would I get this in my post?
thanks for the information
which is still expected to decrease
astronaut suits will be required. it looks like we will have liftoff after this triangulation....to the moon
If you walked into a cafe and told everyone on their laptop that if they signed up for Steemit, they would get some money to blog and up vote, the population of Steemit would go vertical! We are early adaptors and once the masses flock in, Steemit will be massive...Facebook x1000000...
@tokyoin, yea! steemit is sure going to make people have a new re-think about social media.
Facebook can either do two things to catch up; 1. Start rewarding people for their comments or likes.
2. Try to acquire steemit.
None seem like the choice they would make though but we wait to see what their next move will be.
Coins like Steem, BNB and other platform coins are definitely sure bets for long term holders. Cant go wrong with these in the long run. I see Steem hitting $10-$12 by years end!
Bitcoin is currently on a bull trap.... it will be $6k before it begin rising again.
I like the understatement of "what might come next". My experience tells me that when price is compressed into any pattern like this that the break out is dramatic. It feels to me like the bottom has been well tested now.
Dramatic in a sense that it'll go up?
Go straight to the Moon. 🚀 Make 10x for sure.
I do not make predictions. I leave clues.
great post. i like this post. thanks for sharing post.