STEEM update 11.11.17 by ew-and-patterns

View this thread on: hive.blog | peakd.com | ecency.com

$13.96

STEEM update 11.11.17

# STEEM is still very bullish, but I also marked the red line, which must not be broken for STEEM be able to gain massively.

![ruTFZEmh.png](https://steemitimages.com/DQmNNdFoE2JdvJVL7PTNpyF7qYZVRHBqApUJFKC3woi9GWj/ruTFZEmh.png) 
# The bullish patterns would be invalidated if the price of STEEM/BTC would breach it. The retest of the alltime low would be imminent. But take a look at BCH.
# BCH also had very weak movements up in the beginning, but bullish pattern after bullish pattern showed up. Then it tripled after I had bought and recommended it at 320$. Will we see the same for STEEM?
# Right now the probability for STEEM tripling in value is bigger, than for the retest of the alltime low.
# Another bullish alternate count looks like this:
![lOahkQbu.png](https://steemitimages.com/DQmXn7jGy43mtnLjn6MTYrnSCryst2RxZjJDvT63tBBc2ZZ/lOahkQbu.png)
### There's more than one way to skin a cat...

![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.
If you make any trades 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.



Tell me what you think...

Have a nice day :-)

👍 cryptoctopus, alexis555, worldclassplayer, mangos, ew-and-patterns, lavater, grandpere, jerrybanfield, livingfree, mys, redpill, samstickkz, kristoff, drifter1, jack353, michaeldavid, tt-dogg, stephen-somers, michalis, stsl, hmushtaq, olayar, enginewitty, edthecanadian, thealliance, pathi, phogyan, esaug, intellectualsoul, crypto-pontiff, jpederson96, tonygreene113, romaincrx, ballieman, damzxyno, maksisaeev, ogg944, motalych, driftingvoice, raj1511, rusinho027, kayyam09, mandirapoddar, ryankofi, andresbello, tezzmax, bitcoinparadise, allazd, thethreehugs, mila00, wuzupin, noly, devrim, fermond, videogeek, mhmegh, vimukthi, cryptosuf, fazlayrabby, squitchpichou, yvonneinoregon, primetimesports, infoworld, odibezeking, and 6 others

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drifter1	7,767,290,362	100%
cryptoctopus	3,167,620,305,407	100%
stephen-somers	6,202,635,523	10%
grandpere	172,366,221,763	100%
livingfree	62,419,831,897	2%
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worldclassplayer	681,522,310,651	100%
crypto-pontiff	1,344,757,042	100%
redpill	39,961,539,917	100%
enginewitty	2,749,820,714	3%
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phogyan	1,867,375,989	100%
vimukthi	244,403,952	100%
odibezeking	108,674,418	35%
hmushtaq	3,899,032,810	100%
intellectualsoul	1,462,198,085	100%
cryptosuf	205,127,063	100%
wuzupin	503,654,946	100%
mhmegh	269,343,602	100%
olayar	2,940,178,355	50%
allazd	532,398,159	100%
stsl	4,022,900,207	4%
fivestargroup	102,045,957	0.02%
tonygreene113	1,137,820,266	100%
noly	422,995,208	100%
tezzmax	573,908,535	30%
rusinho027	786,879,077	100%
primetimesports	129,753,390	0.02%
airwavez	75,789,682	25%
damzxyno	1,021,396,771	100%
maksisaeev	984,914,537	100%
pathi	2,236,586,167	100%
mila00	521,331,618	100%
videogeek	297,621,610	10%
thealliance	2,399,435,631	3%
devrim	398,106,900	100%
esaug	1,729,509,847	100%
motalych	958,885,178	100%
jack353	7,661,680,862	100%
ryankofi	688,420,182	100%
michalis	5,305,403,633	100%
kristoff	9,316,716,809	100%
tt-dogg	6,605,210,393	100%
fermond	382,390,588	100%
infoworld	126,248,958	100%
ogg944	970,899,448	100%
fazlayrabby	181,932,805	100%
kayyam09	775,226,497	100%
marvel1206	87,603,930	50%
mandirapoddar	708,838,823	100%
raj1511	803,360,088	100%
driftingvoice	854,390,991	100%
afifa	77,406,504	3%
squitchpichou	145,068,100	100%
andresbello	597,680,348	100%
ballieman	1,096,714,182	100%
romaincrx	1,119,925,008	100%
tutur60	104,448,964	100%

@hmushtaq · Nov 11 '17

$0.06

Never really focused on your posts before, but it seems like I should do from now on. By the way I just bought a few BCH yesterday, and the price is already up by 200 euros in half a day. But like you said, I should have bought while it was still just $320.

👍 ew-and-patterns

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
ew-and-patterns	0 B		28,452,020,580	5%

@ew-and-patterns · Nov 11 '17

$1.16

Thank you for pointing me to that. I just found a more bullish alternate count for BCH that I will post soon. 
Sneak peak: 2100$ could be in the picture soon.

👍 ew-and-patterns, hmushtaq, vimukthi

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properties (23)vote details (3)

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hmushtaq	3,844,116,855	100%

@hmushtaq · Nov 11 '17

$2100! Holy smoke!

properties (22)

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@vimukthi · Nov 11 '17

$0.12

Now that's more like it. I saw BCH hit $1490 and now falling back to $1200. The volume exceeded BTC. I still don't expect a flippening. But BCH and ETH (which showed some mind blowing resilience amidst all the terrible things going on) could take back BTC market share below 50% and probably even below 45%.

The problem with steemit is that it doesn't have much exposure even among the crypto community. Steemit doesn't use things like reddit, twitter Youtube and Fakebook. Not many people are aware of steemit. @jerrybanfield had done some good promotional work. But that's nothing compared to other cryptos. 

Also steemit needs to sell itself as a proof of brain/contribution/content mining process that replace hashes with content creation. Otherwise steemit would look like a scam or something unsustainable as there really is no revenue coming. The social media pays for itself because the social media activity itself is the mining process. That's what we need to sell. Humans are the ASICs in STEEM. Any other way would make people feel super skeptic like the way I felt before digging into steemit.

👍 ew-and-patterns, mys

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properties (23)vote details (2)

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mys	0 B		5,553,015,909	10%
ew-and-patterns	0 B		50,607,771,702	10%

3 replies

@vindy · Nov 11 '17

Indeed Steem will break all barriers in years to come. If we steemers will support, it will boom

properties (22)

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