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Steem Daily Forecast 08-07-2017 by bateman

View this thread on: hive.blogpeakd.comecency.com
· @bateman ·
$70.27
Steem Daily Forecast 08-07-2017
![Imgur](http://i.imgur.com/3nIxwwm.png)

### Daily Overview

#### Price

![](https://steemitimages.com/DQmPguR7QTXyWRwPufGo92jAvJ9YmYifg5fTrSK36R3QEtw/image.png)

#### Posts

![](https://steemitimages.com/DQmQpHCefidJ18p6iBVjvopy7bfGVAfjcs6gDqU9zbHUCxo/image.png)

#### Daily Payouts

![](https://steemitimages.com/DQmRR5XCAqVu6YddHXgL1btaR66hT59BQHPLR16NLb4DrkA/image.png)

### Macro Events

HF 19 has been mostly positive.

Minnows now have more influence on the platform, feelings surrounding the platform remain positive.

Users have expressed discontent with self-upvoting which at the moment can offer users doubling of their SP within 6 months if upvoting their own posts and comments each daily with their daily voting quota.

### Technicals

![](https://steemitimages.com/DQmPSRL5mkzy71qBZok3eygWVAUyQQ4bqrLY83BKtBb7v3d/image.png)

The price has come back down after a terrific start to June, currently the price is testing the previous high close of ~63,000 Sats. 

I expect the price to bounce off this previous resistance now turned support. 

At time of writing, it has bounced from ~55,000 sats which will now be the LOW on the daily time frame.

We are currently below the MONTHLY pivot and I expect the bounce to test the pivot before deciding to break through it or continue the short term down trend.

A break and close above the monthly pivot of 69,500 sats will signal a BULLISH continuation of trend, whilst a break of the LOW at ~55,000 sats will signal the beginning of a trend reversal and the beginning of a medium term BEARISH trend.

STEEM is now largely coupled to the performance of BITCOIN. Gains in bitcoin resolve to gains in STEEM and vice versa. 



#### Steem daily forecast is updated daily. Format is yet to be set in stone. Please upvote follow and resteem

~Bateman
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (56)
@airjordan ·
Steemit to $2!!!!!
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@bateman ·
Longer cool off period I think.
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@alainite ·
I'm all in :D
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@bateman ·
that is dangerous. 
Best to scale in your trades over time.
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@arcange ·
Congratulations @bateman!
Your post was mentioned in my [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-for-beginners-20170708) in the following categories:

* Comments - Ranked 6 with 47 comments
* Pending payout - Ranked 6 with $ 116,68
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@authentic ·
#Steem to the moon! πŸ˜ƒπŸš€πŸš€πŸš€
#Steem to the moon! πŸ˜ƒπŸš€πŸš€πŸš€
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@bateman ·
Eventually yes, range bound for now.
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@bitdollar ·
This is awesome. Glad I found you for these stats! Thanks @bateman
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@bateman ·
No problem bro. See you at Wall St.
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@bodyinbeta ·
Thank you for the information.  How do you see HF 20 affecting this?
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@bateman ·
HF20 as of yet has no economic changes to the current model. The fundamentals remain the same. What it does bring is more positivity to the platform which means hopefully sustained interest in investing into the platform. 

If HF20 turns out to be a deal breaker in terms of improvements in usability, then it will be the moon.
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@cyberblock ·
$0.14
Ive noticed that my upvote has come down in value to about half of what it was immediately after hf19. Are devs adjusting our power downwards or is it just steem price correction? even if it is... steem price hasn't come down as much as my votes value has?
πŸ‘  
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@bateman ·
The reward pool was higher immediately after the hardfork. This was due to the experiment which prohibited whales from using their full power. 

Initial payouts and rewards were higher as there was an "excess" of funds in the reward pool. 
Over the coming days and weeks, the amount going into the reward pool daily must find an equilibrium with the amount going out. 

Devs have no way of adjusting our power. It is the system at work.
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@farhanali ·
that's great post keep sharing :)
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@bateman ·
Daily updates on STEEM price action. Will do more on others if there is an interest.
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@freedomnation ·
$0.52
Steem needs more projects.  Looking forward to Zappl but a Youtube like steem project would launch Steemit in the hights of social media.  The price will also affect the quality as it already doing that.  5$ Steem would create an amazing community.  It just takes time and patience.  Next year will be interesting for Steemit.
πŸ‘  , , , , , , , , , ,
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vote details (11)
@bateman ·
Like with anything that is good. Sustainable growth is better than bubbles. Steem is showing traits of slow sustainable growth. It is currently on a healthy pull back.

More utilities as you mentioned would help with the overall interest of the platform.
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@aungphyothu ·
please copy
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@hamzaoui ·
$0.31
The price of steem must go up soon
πŸ‘  
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vote details (1)
@bateman ·
It is neutral at the moment. Healthy retracements in the short term will lead to higher highs in the long term.
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@hamzaoui ·
$0.31
I trade on the penny stocks, So i have an idea about what will happenn and i'm sure that the price will be not go down then 1.5
πŸ‘  
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vote details (1)
@booster ·
<p>This comment has received a 0.15 % upvote from @booster thanks to: @hamzaoui.</p>
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permlinkre-hamzaoui-re-bateman-steem-daily-forecast-08-07-2017-20170708t161828141z-20170713t003602640z
categorysteemit
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@klen.civil ·
Thank you for the information
properties (22)
authorklen.civil
permlinkre-bateman-steem-daily-forecast-08-07-2017-20170712t134859593z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
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@bateman ·
You are welcome. Invest wisely, trade intelligently.
properties (22)
authorbateman
permlinkre-klencivil-re-bateman-steem-daily-forecast-08-07-2017-20170708t152802356z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
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@kyawsantun ·
Please lets me known website link. Thanks
properties (22)
authorkyawsantun
permlinkre-bateman-201779t8918734z
categorysteemit
json_metadata{"tags":"steemit","app":"esteem/1.4.6","format":"markdown+html","community":"esteem"}
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last_update2017-07-09 01:39:21
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@rooseveltwoods ·
Thank you very much for this post. I have upvoted, please do the same thing for me to help each other I LOVE STEEM
properties (22)
authorrooseveltwoods
permlinkre-bateman-steem-daily-forecast-08-07-2017-20170708t153252147z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-07-08 15:33:00
last_update2017-07-08 15:33:00
depth1
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@bateman ·
Cheers.
properties (22)
authorbateman
permlinkre-rooseveltwoods-re-bateman-steem-daily-forecast-08-07-2017-20170708t153407229z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-07-08 15:34:03
last_update2017-07-08 15:34:03
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@safwan ·
semoga makin sukses @steemit
properties (22)
authorsafwan
permlinkre-bateman-steem-daily-forecast-08-07-2017-20170708t162710714z
categorysteemit
json_metadata{"tags":["steemit"],"users":["steemit"],"app":"steemit/0.1"}
created2017-07-08 16:27:12
last_update2017-07-08 16:27:12
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net_rshares0
@stackin ·
Great update, just bought more steem πŸ™ŒπŸΌπŸ’ͺπŸΌπŸ’―
properties (22)
authorstackin
permlinkre-bateman-steem-daily-forecast-08-07-2017-20170708t155904908z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
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last_update2017-07-08 15:59:06
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@bateman ·
stackin them bags
properties (22)
authorbateman
permlinkre-stackin-re-bateman-steem-daily-forecast-08-07-2017-20170708t155958806z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-07-08 15:59:57
last_update2017-07-08 15:59:57
depth2
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@swssmarketing ·
Steem definitely needs more break out projects, and attract big brother like  Youtube to invest in Steem
properties (22)
authorswssmarketing
permlinkre-bateman-steem-daily-forecast-08-07-2017-20170708t155219508z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-07-08 15:52:18
last_update2017-07-08 15:52:18
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@bateman ·
Organic growth will happen slowly. Breakout projects will also take time. We'll get there eventually.
properties (22)
authorbateman
permlinkre-swssmarketing-re-bateman-steem-daily-forecast-08-07-2017-20170708t155427696z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
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@yoda1917 ·
Thank you for this I will visit daily.  Upvoted.  This discontent with people upvoting...   do you believe that it will be very bad for steemit in the long run?

I created this today.

https://steemit.com/selfvotes/@yoda1917/steemit-is-coming-to-an-end-say-good-bye-or-let-s-do-something-about-it
πŸ‘  
properties (23)
authoryoda1917
permlinkre-bateman-steem-daily-forecast-08-07-2017-20170708t161445147z
categorysteemit
json_metadata{"tags":["steemit"],"links":["https://steemit.com/selfvotes/@yoda1917/steemit-is-coming-to-an-end-say-good-bye-or-let-s-do-something-about-it"],"app":"steemit/0.1"}
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vote details (1)
@bateman ·
The core feature of Steem Power is to have the ability to influence the visibility of content. This means, people should be allowed to upvote their own content, even if it is a comment as it is their voting right. The system is open however, and gross misconduct can be counteracted by the community if they deem some abuse is happening.
πŸ‘  
properties (23)
authorbateman
permlinkre-yoda1917-re-bateman-steem-daily-forecast-08-07-2017-20170708t162031943z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-07-08 16:20:30
last_update2017-07-08 16:20:30
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vote details (1)
@yoda1917 ·
How can the community influence anything when most of us are minnows?
properties (22)
authoryoda1917
permlinkre-bateman-re-yoda1917-re-bateman-steem-daily-forecast-08-07-2017-20170708t162337480z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
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