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STEEM update 01.01.18 by ew-and-patterns

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steem · @ew-and-patterns · (edited)
$266.57
STEEM update 01.01.18
# STEEM is continuing the uptrend with a massive candle as predicted in my last update. We have seen an ABC correction which first looked like a abcde triangle, but the internal wave count doesnt fit with abcde:
![8dyJhill.png](https://steemitimages.com/DQmcNRddPPhKPrBy3xCpr7bCc3zaK8aZs7h83hYLBHTU1BK/8dyJhill.png)
![zWEQHG38.png](https://steemitimages.com/DQmfUS6gcwy2zMQX2XBrHDMZWEPYp1Bjg7bkNR1urd4FrrH/zWEQHG38.png)
# The question is now, is this an extended wave, or a normal impulse? We will find out, when the next correction arrives.
# If it turns out to be a small correction, it will be the orange wave 4.
# If it turns out to be a big correction, it will be blue wave 2.
# For now it doesn't really matter much, because the direction is the same. Up up up we go to price levels STEEM has never seen before.
# New alltime-highs dead ahead...

# You still think SBD is done with this massive surge in STEEM? Well, it isn't. The next wave up will arrive soon. There is a possibility that the STEEM/SBD exchange rate will hit 1:1 first, but it won't be for long...

![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
If you think this to be useful information:
![DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif)
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions.
If you make any trades or investments after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.



Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 67 others
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vote details (131)
@adigunabiola · 
This is very true for now it doesn't really matter much, because the direction is the same. Up up up we go to price level STEEM has never seen before,thanks for sharing.
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@atmosblack · 
ThatΒ΄s cool, but IΒ΄d like a bigger correction, since I wanted to buy more Steem to power up ;)
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@tombort · 
Charts don't obey our wishes. This will be very nice to they sometimes to listen to as. Check my blog i also write TA articles.
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@benkalashnikov · 
Great analysis. Here's my take sir:

https://steemit.com/bitcoin/@benkalashnikov/steem-analysis-4000-profit-potential
πŸ‘  
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@benkalashnikov ·
$0.32
![Screen Shot 2017-12-31 at 17.20.23.png](https://steemitimages.com/DQmb7vtrSet8YVZyVBDspLnggWow4ZptLGAV318E1vVywFU/Screen%20Shot%202017-12-31%20at%2017.20.23.png)
πŸ‘  
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@bidhanghimire · 
A guy whom I met here told me that steem will hit around$800 in this year and with the current price point it seems it will take years to reach that price. But it is cryptocurrency you never know what gonna happen next. Let's hope for the best.
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@ew-and-patterns ·
$5.16
800$ ? lol

I would earn a million every two days if that happens. No this is total bs... But 14-30 is totally reachable in 2018.
πŸ‘  
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@bidhanghimire · 
What are your thoughts on any other coins that one can invest in who is just into the crypto currency market?
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@briandenver ·
$0.06
With the new TAX laws in America, investing in crypto currencies may not be as profitable.  I guess I will keep posting and offering services to earn Steem.
πŸ‘  
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vote details (1)
@crudens · 
wow that's an amazing updates nice work brov
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@cryptokeepr ·
$0.66
I think I recall someone predicting STEEM ending 2017 at $4.72 back in September or October but I can't remember who it was. Whoever that was nailed it because it hit pretty close to that today (OK so whoever it was was a day off..).

These are some exciting times here. I'll be curious to see where we are at the end of 2018. 

Another thing I did not ever expect is what has happened with the SBD the past month. It's off its all time high but it's still trading around $8 on Bittrex!

I have no idea what the next move is for STEEM honestly but I think your two predictions are both very plausible.
πŸ‘  ,
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vote details (2)
@fahmidamti ·
$1.05
Hi friends, can I use this article for my post to Indonesian..
πŸ‘  
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@ew-and-patterns ·
$3.62
Yes, I allow it, but only if you name me as the author and link my original blog post in it!

https://steemit.com/steem/@ew-and-patterns/steem-update-01-01-18
πŸ‘  
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@fahmidamti ·
$1.02
thanks, I will use your name as the author
πŸ‘  
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@foridulislam · 
gd
πŸ‘  
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@kp138 ·
$0.09
Enjoy your work and Elliott wave theory. Go Steem!
πŸ‘  
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@krenter · 
Yes, it is true, the growth that steem has towards values that it has not reached before  and that alone has gladdened many this day
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@lichtblick · 
Wow. Amazing. Resteemed :-)
Happy new year :-)
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@luckysteem · 
You were right! Thank you for your awesome predictions!
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@ministerofheat ·
$0.31
EXCITING TIMES!! Looking forward for further growth in the platform!!
πŸ‘  
properties (23)
authorministerofheat
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categorysteem
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vote details (1)
@monjan · 
That's right it won't be long before  it shots to the moon
properties (22)
authormonjan
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@simplifylife · 
After the exchange rate hits 1 steem for 1 SBD, what do you predict will happen next? Will the exchange rate return back to around 2 steem for 1 SBD or will it go the other way entirely and steem will become more expensive than SBD?
properties (22)
authorsimplifylife
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@ew-and-patterns ·
$7.97
My expectation is it will return to 1 SBD = 3-5 STEEM. Why? because the peg to 1$ is broken. Dan Larimer confirmed it.
πŸ‘  
properties (23)
authorew-and-patterns
permlinkre-simplifylife-re-ew-and-patterns-steem-update-01-01-18-20180102t055156048z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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vote details (1)
@simplifylife ·
$0.03
Thank you for the reply!!

Would you please explain what "the peg to 1$ is broken" means?
πŸ‘  
properties (23)
authorsimplifylife
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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vote details (1)
@skytrex ·
$1.29
I'm happy i traded some SBD for Steem just before the pump!
πŸ‘  
properties (23)
authorskytrex
permlinkre-ew-and-patterns-steem-update-01-01-18-20180101t213523060z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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vote details (1)
@stealthgoat · 
@ew-and-patterns payed 17.0 SBD to @minnowbooster to buy a stealth upvote.<br><br><a href="https://steemd.com/tx/7c4e90e013a96fbf5d90bb956f237804b5f48418">transaction-id 7c4e90e013a96fbf5d90bb956f237804b5f48418</a><br><br><img src="https://steemitimages.com/DQmTXdfMSPGNzsdQRoPAUAm8Xc9gDDM47QfiBLsJAck4iA4/goat-2153622_640.jpg"><br><br>@stealthgoat
properties (22)
authorstealthgoat
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@techwizardry · 
I fully expect Steem to hit $10 sometime this year due to continued growth, but I have no idea what to think of the Steem dollar. SBD was supposed to be pegged to 1 USD, but we trading close to $9 USD today for no apparent reason.
properties (22)
authortechwizardry
permlinkre-ew-and-patterns-steem-update-01-01-18-20180101t233556632z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@tjunaidi · 
https://steemit.com/antiques/@tjunaidi/ancient-jars-of-ancient-penigalan-and-meriam-696c7499c69bc
πŸ‘Ž  
properties (23)
authortjunaidi
permlinkre-ew-and-patterns-steem-update-01-01-18-20180102t093158466z
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json_metadata{"tags":["steem"],"links":["https://steemit.com/antiques/@tjunaidi/ancient-jars-of-ancient-penigalan-and-meriam-696c7499c69bc"],"app":"steemit/0.1"}
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vote details (1)
@tombort · (edited)
$0.32
ew nice job You are on my TAF list!

Steem really take off like North Korean rocket I manage to buy some at $2.75 in the middle of second impulse wave (3-4). Check in my analyses [#1](https://steemit.com/steem/@tombort/steem-analysis-steem-take-of-hard-1) and [#2](https://steemit.com/steem/@tombort/steem-analysis-steem-take-off-jet-hard-2). I 'm at 52% profit at the moment, yuuupee!
πŸ‘  
properties (23)
authortombort
permlinkre-ew-and-patterns-steem-update-01-01-18-20180101t221308338z
categorysteem
json_metadata{"tags":["steem"],"links":["https://steemit.com/steem/@tombort/steem-analysis-steem-take-of-hard-1","https://steemit.com/steem/@tombort/steem-analysis-steem-take-off-jet-hard-2"],"app":"steemit/0.1"}
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vote details (1)
@vimukthi ·
$0.68
Let us all start posting more. On top of the monetary rewards we'll also be getting reputation and followers. I can see STEEM hit 50 million users in ~3 years. More followers will create a spiraling effect and I also read the majority of the steemit accounts only have 25 reputation. That's crazy low. It gets really hard to increase reputation after 55. So we have a good first mover advantage when it comes to reputation.

IMO 1 followers in steemit is like a 100 in another platform. Your account is as good as a YouTube account with 150K Subs.

Happy steeming!
πŸ‘  ,
properties (23)
authorvimukthi
permlinkre-ew-and-patterns-steem-update-01-01-18-20180102t055828162z
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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vote details (2)
@cocacho · 
So true mate. Keep it up!
πŸ‘  
properties (23)
authorcocacho
permlinkre-vimukthi-re-ew-and-patterns-steem-update-01-01-18-20180103t040639138z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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vote details (1)
@ew-and-patterns ·
$3.25
Thank you. Have a look @ my update a few secs ago
πŸ‘  ,
properties (23)
authorew-and-patterns
permlinkre-vimukthi-re-ew-and-patterns-steem-update-01-01-18-20180102t060614955z
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vote details (2)
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