<p><center><img src="https://new.tradingview.com/x/1qe1ZN52/" /></center></p>

<h1>Where is Bitcoin/Dollar &amp; Steemdollar heading? Let´s do some in depth analysis of the fundamentals.</h1>

<br /><br />On the Top Row of the chart we see Bitcoin on Bitstamp, Huobi, Okcoin &amp; BTCE <br />
On the Bottom Row of the Chart we see Steem, SteemDollars, Coino &amp; Tether.

<br /><br />Starting with Bitcoin on the top row, but also on the tether - which we can clearly see on the 4hr is following each other closely in price, and this row gives us the big picture of Bitcoins price. The Big dump is from when Bitfinex got hacked.<br /><br />

<h1>Bitcoin is looking better then ever</h1>
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As you can see on the charts, Bitcoin is just marching through the bearish (red) ichi-cloud and is creating a bullish (green) cloud in the future, signaling that the trend is bullish - meaning it will go up in value. However, the indicator (the box under each chart with red and green circles) is indicating that it is probably a good time to sell at this price and buy back at a lower price - but considering the fundamentals first and the technicals. After all - an exchange got hacked, and a lot of people got invested when the price dropped - and from the looks of it - they where strong hands.
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<h1>Steem - SteemDollar (Pegged to Dollar) - Coino (Pegged to Dollar) - Tether (Pegged to Dollar)</h1>
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Steem is bouncing around the .0035 BTC level coming down from the peak at 0.0071 on Poloniex. Considering the fundamentals, that <a href="https://steemd.com/" rel="noopener">steemd.com</a> reports over 51,000 users growing in higher and higher tempo makes Steem a value token, since it is needed in order to power up and become visible on Steemit.com.<br /><br />
SteemDollar compared with Coino and Tether is showing great strength as it has been traded several times above its peg-price, but did suffer some in the earlier days of Steemit after the big payout of 4th of July this year. <br /><br />

<h1>Steem could go to $70-80 Dollars</h1>
<br /><br />Based on the fundamental logic of supply and demand, I predict that the demand for Steem which can be used directly to power up your steemit-account will grow rapidly with the users increase of the platform itself. It will naturally react delayed as everything else that is snowballing, but once it hits you - it hits you hard.<br /><br />

<h3>Thank you for reading, please upvote &amp; comment below</h3>