Waiting to Buy Steem Between 0.10-0.15 Cents

in #steem4 years ago

We have been watching the Steem price go down down down since it’s all time high in 2017. It’s natural for an asset to pull back in price after a wild ride like we saw, but I don’t know anyone who said we would come back as far as we did.

Since that 2017 price point, I have been working diligently to learn Elliott Wave Theory, Fibonacci, Trendlines, and a few other items that are needed to be successful at trading. My dad, brothers, and myself, thoroughly enjoy investing together, and I saw this crypto market as an opportunity for us all to win.

The bottom line for you, is that I believe 0.10-0.15 cents is a good spot to be buying Steem. This is certainly not investing advice. This is simply what I am planning to do.

We needed to see ETH, and especially BTC build a new trend before the rest of crypto could go up. This is not a market where Steem is going to have a bull run without BTC having its day at the same time. Not saying they run in parallel, but a rising tide raises all ships.

I applaud those who have kept blogging during the downtrend in price. It takes courage and resolve to continue working on a project when the situation looks bleak.

Personally, I needed time out of the echo chamber. We can all laud Steem or rise to agree with the detractors. I needed time away from that to clear my thinking, and look at the chart objectively.

I am excited to be writing again as well just for the sake of writing. Words on paper or typed from a device are a means of healing, growth, and processing for me. There is so much good for the soul of a person who learns to write their thoughts.

For all of us here, I look forward to your success. May you enjoy the next wave of crypto for what it may mean for you and your family.

For all of us who are writing to simply write, may your soul prosper as you bleed on the page.


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Hi @lydon.sipe Happy and blessed friendship day. Cheers.

Thank you, Felix! Good to hear from you, my friend!

Yay!
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I don't think that we will see steem at those level in a long time. If you look at the price history we already visited those ranges between September and January.

Right now steem is pumping at 0.28 USD (>2700 satoshis). If it forms a floor at 2500 satoshis there is no real resistence until we get to 4500.

In the last six months steem has shown a relative negative correlation with BTC...when BTC goes up Steem goes down or stagnates and viceversa. Right now BTC is taking a breather and steem is going up.

Anything is possible. The news about Tron is intriguing. Digesting that at the moment.

Howdy sir lydon.sipe! As traders and investors, what does your family think of the Tron deal? lol. I love that Hemingway quote!

I like the quote too! We are waiting it out and praying. There is a need for wisdom.

I agree. Wisdom and reason would be nice.

Please return to writing...

I am persisting... God is blessing...

Wishing you and yours great blessing during these trying days!

😄😇😉

@creatr

I hear you!

Hallelujah! Wonderful news brother.

Thank you. You are so good to us my friend. May it be so.