___|  _ \   |  |    |   |_ _|\ \     / ____|
 |     |   |  |  |    |   |  |  \ \   /  __|
 |   | |   | ___ __|  ___ |  |   \ \ /   |
\____|\___/     _|   _|  _|___|   \_/   _____| 

 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Crypto Contest January 27: Steem

BY: @maarnio | CREATED: Jan. 27, 2018, 12:43 p.m. | VOTES: 141 | PAYOUT: $22.52 | [ VOTE ]

Steem (STEEMUSD) has broken out of the triangle pattern in the four-hour chart.
https://s10.postimg.org/47ygy4upl/nimet_n.png
(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Steem began a wave one advance on November 12, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 3 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 17. If this wave count is correct, Steem should be heading next towards the January 3 peak in the red wave three.
https://s10.postimg.org/neg9fddjd/nimet_n.png
(Chart courtesy of Tradingview.com (log scale))

In the weekly chart, I believe Steem is currently in the red wave three (blue sub-wave iii). The red wave three began on November 12, 2017.
https://s10.postimg.org/u66oi0s6h/nimet_n.png
(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Ned Scott, the creator of Steemit, will be at Blocktalk today at 6 PM EST.

https://youtu.be/syIxhdAwU4I

(Sources: https://steemit.com/ and YouTube)

https://s8.postimg.org/f8i0ggpit/nimet_n.png

If you think this analysis is correct, upvote this post and upvote the comment "Steem will takeout the January 3 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Steem will drop below the January 17 low".

If you think Steem is in a range, upvote this post and upvote the comment "Steem will stay in a trading range between the January 17 low and the January 3 peak until February 27".

You can upvote the comment until 3 PM EST January 28 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus

I will be sending one Trophy Token to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.

TAGS: [ #steem ] [ #cryptocurrency ] [ #investors-group ] [ #contest ] [ #busy ]

Replies

@maarnio | Jan. 27, 2018, 12:45 p.m. | Votes: 62 | [ VOTE ]

Steem will takeout the January 3 peak (62 voters as of 3 PM EST January 28: steemquestions, heroic15397, eirik, allyouneedtoknow, simonjay, digitalking, lydon.sipe, anetchen, reconnectnature, positivebalances, crokkon, dirty.hera, mihail.tsvetkov, sanjay91422, toofasteddie, flemingfarm, lucasgabd, acelad, jznsamuel, mgood, catena, komischername, miniature-tiger, ahinga, dlwagner, osmanbugra, me-do, themovieplace, starline, koskl, kunschj, andy23, incrediblesnow, barbadosso, acehnature, mnur, margaritaradkova, elisablogs, cata22, sallysmith, cliffy32, diogosantos, heidelbaer, gergi6a, huasipi, amfid4846, sevendst19, utkarshvarma, angrybird, steemit-up, mcmaffel, kiagus12, anjelik, maverick0524, kanoe, vasil-danev, ilovefashion, kulate, crisbabe21, mim4min, badbeth, sharychery).

@maarnio | Jan. 27, 2018, 12:45 p.m. | Votes: 20 | [ VOTE ]

Steem will drop below the January 17 low (20 voters as of 3 PM EST January 28: sqlinsix, coolthings, gunsmithing, ragnaros, beiker, portillo, nordina, jkatz, elice, michaelluchies, sayodele52, greatgatsby, bluewinter, janeeliza, almaalm, veganomics, jenjenjen, greengirl, sarah29, joyce99).

@maarnio | Feb. 28, 2018, 9:09 a.m. | Votes: 1 | [ VOTE ]

You won.

@sqlinsix | Feb. 28, 2018, 11:21 a.m. | Votes: 1 | [ VOTE ]

This is still mind-blowing that this one wasn't a popular contest even though it's native to this platform. Very peculiar.

@maarnio | Feb. 28, 2018, 3:44 p.m. | Votes: 0 | [ VOTE ]

We have some rational investors here.

@maarnio | Jan. 27, 2018, 12:46 p.m. | Votes: 33 | [ VOTE ]

Steem will stay in a trading range between the January 17 low and the January 3 peak until February 27 (31 voters as of 3 PM EST January 28: bentleycapital, me-tarzan, glennolua, dlina-v-metrah, gregory-f, janine-ariane, wallsnow, mirda, cryptotem, cassidyandfranks, richard78624, tzap90, costanza, paul.atreides, freskil, yefet, mehta, criptorafa, skepticology, djpalaxtreme, trollo, royaleagle, cloudlynx, exfactor, papakli, liberton, sarkostas, kingslayer, ellycome, gloria224, mandiamandi).

@mcmaffel | Jan. 27, 2018, 12:57 p.m. | Votes: 1 | [ VOTE ]

good information, like this post, I'm also in steem.

@diogosantos | Jan. 27, 2018, 1:19 p.m. | Votes: 2 | [ VOTE ]

All of this contest votes will be influenced by the fact that we are a part of steemit so we want STEEM to do great, and I truly believe it will takeout the peak.

@sqlinsix | Jan. 28, 2018, 6:03 p.m. | Votes: 1 | [ VOTE ]

Yeah, I initially thought this too. The distribution is more balanced that I expected though. Very interesting how this one turned out.

@michaelluchies | Jan. 27, 2018, 1:26 p.m. | Votes: 1 | [ VOTE ]

Thanks for hosting, these are fun.

@maarnio | Jan. 27, 2018, 2:29 p.m. | Votes: 1 | [ VOTE ]

Thanks Michael.

You have a good contest as well:

https://steemit.com/contest/@michaelluchies/last-chance-enter-crypto-prediction-contest-to-win-10-xrp

@michaelluchies | Jan. 27, 2018, 2:32 p.m. | Votes: 1 | [ VOTE ]

Thanks! And thanks for joining and sharing!

@veganomics | Jan. 27, 2018, 1:59 p.m. | Votes: 0 | [ VOTE ]

Steem will drop below the January 17 low

@attractivetoast | Jan. 27, 2018, 5:24 p.m. | Votes: 0 | [ VOTE ]

Steem will takeout the January 3 peak! Definitely.

@diya28 | Jan. 27, 2018, 5:28 p.m. | Votes: 0 | [ VOTE ]

Steem will upgrade and then below the January 17 low.

@beautypics | Jan. 27, 2018, 5:35 p.m. | Votes: 1 | [ VOTE ]

👍👍👍👍👍👍

@maarnio | Jan. 28, 2018, 8:17 p.m. | Votes: 0 | [ VOTE ]

I like it.

@kiagus12 | Jan. 27, 2018, 6:08 p.m. | Votes: 0 | [ VOTE ]

I agree, Steem will takeout the January 3 peak

@djpalaxtreme | Jan. 28, 2018, 11:19 a.m. | Votes: 2 | [ VOTE ]

Personally i thing that Steem will stay in a trading range between the January 17 low and the January 3 peak until February 27 unless we hear some extraordinary news that will make new investors to trade STEEM.

@maarnio | Jan. 28, 2018, 4:37 p.m. | Votes: 0 | [ VOTE ]

Did you listen to the blocktalk?

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