STEEM Bottom is Close
STEEM is one of the first coins I've spotted that has a completed bottom pattern, completely filled in, in this correction that started in Juanuary. While we can still see an extended fifth down, we have hit my target at the 73-75 cents range. Now, I need to see a completed impulse up to $2.34. If so, then I hold out the $15 to $17 as key in the larger weekly count which is expected to eventually see three figure levels.
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And what if not even close?
I remembered your November 17 post. I actually went through the post several times to understand it. I was intrigued how could STEEM fall from $5 to 29 cents. Yes, it indeed almost came out to be true. STEEM hit $8.5 (vs $5) and went down to 78 cents (vs 29 cents). These numbers looked so absurd, but they came pretty close. Kudos to you. I believe STEEM at $10-15 in future, is not that far feched.
$10 STEEM is not that high of a target, at all. Who knows when the bulls will fully come out, but it will be an interesting ride next time the tables turn, that's for sure!
$15 to $17 would be amazing.
@kingscrown claimed today that there no more than 29.000 unique users active on a daily basis on the plattform. what do you think about that? If so $15 seems quite impossible in the near future.
I do ZERO fundamental analysis. Until the chart breaks down, I'll look at $15. I get a lot of criticism for that, but it makes me money. I can give you 100's of stocks with shit fundamentals but incredible returns, because the market just believed in them for some reason. And, the price structure told the story. I have an MBA so it isn't as though I don't know how to do the research. It's just not how to win. This is almost 20 years of trading talking. Second, what if this fact is not true? Then it will mis guide. How do you know? Price is direct feedback.
Wait, are you really saying STEEM is going to hit $15? Or am I misunderstanding something? In the case of yes, when, in your opinion?
If I'm not mistaken, a fundamental premise of Eliot Wave Analysis is that while it may help you identify possible price targets, it doesn't tell you how long it may take to reach those levels. The time frame can be over days, weeks, months, years, etc. However, I'm not that knowledgeable about it so don't take my word for it.
ok -thx for your perspective.
How do I join this?
Do you mean the service at Elliott Wave Trader? Link is in the post above.
He means is going to reach soon 29000 followers.
Somehow cant pass this number, do we really have less than 29 000 real users? Other numbers ive been able to cross fast but 28800-29k looks like ages.
https://steemit.com/steemit/@kingscrown/small-steemit-updates
If wonder if it occurred to him, that 29k is the amount of users interested in his content? Why he thinks that this is the total amount of users is beyond me :)
Ego
absolutely i gonna buy alot if hit the 73-75 cents range.. !! thanks for the info
I think this chart is starting to play out am i wrong? :)
Waiting for 7K satoshi...or less.
@wildtrader Is it best time to purchase Steem coin ? because I am looking for purchase Steem at best price. @printskill
Don't try to get the price. Try to get a low price. We're in the region. Only if watching a 5 minute chart could you get the best.
Hey. I bought 500 euros of Steem at 0.98 but ill like to get in some more. Problem is that i lose around 9% when i look at all fees. Do you know of any way i could reduce that. Im doing bank-coinbase-eth to blocktrades-wallet. Thx
Try looking at using bittrex. You can fund directly in USD and buy steem there. Another alternative is binance.
Really? Are you that optimist in the short term? When do you expect it start to climb the price?
Don't put a timeline. I don't have a timing model, only a price level model. Check out this post in Oct 2017 as an example: https://steemit.com/steem/@antonburton/steem-to-usd5-by-january-as-explained-by-wildtrader-crypto-nights-episode-10
Hi @wildtrader I'm a bot, and wanted you to know that I've upvoted and re-steemed your post to help you with your promotion efforts! -exp
thank you for this update , however i respect your point , but bottom is not yet done , let BITCOIN come to $3000 then we see where all coins are , then we can say that bottom is done , this might take another 6 months or year, but $3000 is sure
Saying $3000 is sure is a sign of ignorance (I mean no offense, but just to put it bluntly.) There is no such thing as 100% certainty when dealing with markets. Will you eat your words if the bear market ends suddenly and unexpectedly?
3 k is not possible due to the mining costs, Miners are not dumping their coins on a bear market. Who knows what will happen, still, I see this area as a good support. Same as ETH is bottoming at 190.