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[STEEM/USD] Wait, it could be ... by empoderat

View this thread on: hive.blogpeakd.comecency.com
· @empoderat ·
$6.20
[STEEM/USD] Wait, it could be ...
A breakout?
A change in the trend?
Buyers coming in?
And the volume?
...

![steem historical.png](https://files.steempeak.com/file/steempeak/empoderat/zJeQBrHT-steem20historical.png)

A fakeout? 
Just a suckers rally...

Franky, we can't know yet, but (some) of the signals are there.

As a kind of summary. Steem suffered a massive cooldown of 2 years since the peak of january 2018 with a couple of relief rallies in april 2018 & february/march of 2019. 

Without considering these two periods Steem has been in a endless downtrend losing ~95% of it's value in terms of price.

Now. I just woke up and we're up ~30%. This could be a indirect consequence of the changing sentiment of the market, some BTC holders diversifying into alts and/or speculators buying in anticipation of SMT/communities.

All of the reasons can be true at the same time, also. I don't mind if Steem skyrockets today or the following month, but if this is the spark of a new bull period you should be ready, because this can accelerate quickly.

The same chart here, with some context to explain price fluctuations:

![fundamental events steem.png](https://files.steempeak.com/file/steempeak/empoderat/aVCHPJJG-fundamental20events20steem.png)

I don't want to announce or predict anything, but I have the feeling that the worst (both price-wise & fundamentally speaking) are behind us.

What a time to be alive (and here!)

Steem on!

You can follow me on [Twitter](https://twitter.com/elempoderat)

![minatobtc.png](https://files.steempeak.com/file/steempeak/empoderat/T76gZqil-minatobtc.png)

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