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STEEM is one of the first coins I've spotted that has a completed bottom pattern, completely filled in, in this correction that started in Juanuary. While we can still see an extended fifth down, we have hit my target at the 73-75 cents range. Now, I need to see a completed impulse up to $2.34. If so, then I hold out the $15 to $17 as key in the larger weekly count which is expected to eventually see three figure levels.
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I do ZERO fundamental analysis. Until the chart breaks down, I'll look at $15. I get a lot of criticism for that, but it makes me money. I can give you 100's of stocks with shit fundamentals but incredible returns, because the market just believed in them for some reason. And, the price structure told the story. I have an MBA so it isn't as though I don't know how to do the research. It's just not how to win. This is almost 20 years of trading talking. Second, what if this fact is not true? Then it will mis guide. How do you know? Price is direct feedback.
@d-pend | Sept. 9, 2018, 5:32 a.m. | Votes: 4 | [
VOTE ]
If I'm not mistaken, a fundamental premise of Eliot Wave Analysis is that while it may help you identify possible price targets, it doesn't tell you how long it may take to reach those levels. The time frame can be over days, weeks, months, years, etc. However, I'm not that knowledgeable about it so don't take my word for it.
Somehow cant pass this number, do we really have less than 29 000 real users? Other numbers ive been able to cross fast but 28800-29k looks like ages.
https://steemit.com/steemit/@kingscrown/small-steemit-updates
thank you for this update , however i respect your point , but bottom is not yet done , let BITCOIN come to $3000 then we see where all coins are , then we can say that bottom is done , this might take another 6 months or year, but $3000 is sure
3 k is not possible due to the mining costs, Miners are not dumping their coins on a bear market. Who knows what will happen, still, I see this area as a good support. Same as ETH is bottoming at 190.
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I remembered your November 17 post. I actually went through the post several times to understand it. I was intrigued how could STEEM fall from $5 to 29 cents. Yes, it indeed almost came out to be true. STEEM hit $8.5 (vs $5) and went down to 78 cents (vs 29 cents). These numbers looked so absurd, but they came pretty close. Kudos to you. I believe STEEM at $10-15 in future, is not that far feched.
@d-pend | Sept. 9, 2018, 6:12 a.m. | Votes: 3 | [
VOTE ]
$10 STEEM is not that high of a target, at all. Who knows when the bulls will fully come out, but it will be an interesting ride next time the tables turn, that's for sure!
you prediction in OCT 2017 was impressive , followed !!
Yes , I know you don't do timeline modeling but give us your educated guess for 15$...please ..
I really don't know. But if I said by mid 2019 honestly, I think it is conservative. However, in the large Elliott Wave count, there is the possibility of another B wave before a drop to 40 cents. So, as a rally starts, I'll be moving levels with market to make sure I can catch whether it is another B wave or, that $15 wave 1.
Yes. Many people have a hard time dropping fundmentals. Put it this way...there are a lot of reasons to buy something not just fundamentals. And, Elliott Wave sums up sentiment. Fundamentals can feed sentiment. But the market doesn't have to believe good fundamentals or bad fundamentals. Elliott Wave does its best to sum up what the market believes. I love the TSLA example...Some believe the fundamentals because its a great brand. Some don't believe the fundamentals because the company literally is bloodletting financially. Elliott Wave says it has been bullish for many years, but now waning. It either topped or has one more major wave before it tops. This may just mean those that know the financials are crap finally start to win.
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