STEEM looking like a BUY on the 1 hour chart
It's time to load up on STEEM
After going up over $.85 the other day, STEEM pulled back hard with the rest of the crypto market.
Currently it's trading around $.60 and looks very much like a buy from a technical perspective on the 1 hour chart.
Check it out:
(Source: https://www.tradingview.com/chart/?symbol=BITSTAMP%3ABTCUSD)
Keep in mind that this is just a 1 hour chart, and not a chart I usually trade off of.
Glancing at the 4 hour and daily charts, it looks like we are likely to get a bounce here at the very least, but after that bounce it may need a little more consolidation first before we are ready to take out those $.85 highs.
Personally, with SBDs holding up high here I think you buy the $.60 and power it up and earn those SBDs and TRXs with posting and voting!
It's hard to beat those returns many other places right now, and then when you factor in the coin price likely to go up as well, you have the potential for a home run type of move here.
It also gives you some cushion just in case this isn't the exact bottom of the pullback.
Let's hope it ends up being a grand slam.
It's setting up to be a grandslam at this point with trx surging too.
TRX ended up being a solid win for me as well. I was really just lookin for $0.10 out of it and have been staking it in the Atomic wallet for along time for 5% staking rewards but then i took partial profits and then staked the TRX and USDT on Sun.io for more tokens and rewards. If I keep rolling that over it could be decent.
Nicely done. The APY here on Steemit for just posting and voting is north of 60% current with SBDs so high and TRX moving up as well...
When you say 60% what do you mean by that? In what time frame?
Because I thought if under normal conditions if a person just hogged their vote they would double their money in 200 days but then with SBD up and the additional TRX rewards it would be greater ???
Not based on my math. If you were to collect all 10 of your votes each day, you would earn roughly 24% on your money with SBDs at a dollar and not including TRX rewards, inflation on SP, or compounding. However, with SBDs where they are right now, that ROI jumps to something like 70% currently not including TRX rewards, and not compounding.
Haha yes, lets hope!
I love a good gap fill
Yes.. this really looks promising
forget btc or eth to the moon... steem!!!!!!
Yeah is really time
I'm so pumped about steem. When sbd is this high I know steem is primed for a moonshot eventually.
That's exactly how I feel as well. With SBDs high, it continues to put buy pressure on STEEM.
Looks like I called this one pretty well!
It shot all the way to $1.30ish.
I didn't expect it to go up that much that fast to be honest.
How high does it go from here?