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Steem Also has entered in Bull Phase by prameshtyagi

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· @prameshtyagi ·
$88.55
Steem Also has entered in Bull Phase
![](https://cdn.steemitimages.com/DQmYNwYY3MfXouSQovsaHWyXAj4GHt9LjKPHT6iGT1V6ZJW/image.png)
[Source-Huobi Global](https://www.hbg.com/en-us/exchange/#s=steem_usdt)

![](https://cdn.steemitimages.com/DQmQyW4huuVhsjvemtSUaRcj2oRuSaoUnRaSkBZ9im6bzyW/image.png)
[Source  Bittrex](https://international.bittrex.com/Market/Index?MarketName=BTC-STEEM)

Above two are price charts for Steem. First chart is Steem/USDT and second chart is BTC/Steem. I have displayed 200dsma and 50dsma in both charts.

In both cases close price is trading sideways of 50dsma after crossing above in long time. And in March the close also has traded above 200dsma. On BTC/Steem chart 50dsma also remained above 200dsma for few days.

Although currently close is below 50dsma and 200dsma but that is more of a bull trap. These side moves are very common before the final bull phase starts.

This bull sentiment for steem is further enforced with overall bull signal sentiments  reported in previous post [We are now in Bull Market: Death cross will be overcome soon](https://steemit.com/bull/@prameshtyagi/we-are-now-in-bull-market-death-cross-will-be-overcome-soon)

All in all the worst is over and it is now safe to remain invested or even to buy.

Note - I do this analysis out of my interest. I take no responsibility for any losses.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 101 others
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vote details (165)
@adenijiadeshina ·
$0.02
I really hope for the best for steem. Let it rise and rise up up
👍  
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@axie-infinity-fr ·
$0.02
I hope you're right my friend!
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@blaogao ·
$0.02
Today is the best time to buy steem because it's cheap

Posted using [Partiko Android](https://partiko.app/referral/blaogao)
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vote details (1)
@boomerang ·
This post has received a 59.52 % upvote from @boomerang.
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@chesatochi ·
Cool that we might be in the next epic bull run. The reality of Steem at 7.77$ is coming!

Posted using [Partiko Android](https://partiko.app/referral/chesatochi)
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@chuuuckie ·
$0.02
Thats cool, I might buy a few at Binance ;)

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vote details (1)
@joeparys ·
re-prameshtyagi-steem-also-has-entered-in-bull-phase-20190417t133658189z
You got a 80.86% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
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@ssjsasha ·
$0.32
Give me some price predictions
You think we will go to over $10 or $20 at any point?
👍  , , , ,
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@prameshtyagi ·
For those levels you need to hold longer with patience. Steem will reach those levels
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@imransoory ·
right
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@stackin ·
Not really. time and time again, after the golden cross, Huge downfall tends to happen first.
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@prameshtyagi ·
Could be but all parameters including bull driven by upcoming halving wont let that happen
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