I doubt it. Technically speaking it is making a falling triangle which is bearish. Not a rising or symmetrical triangle, which would be bullish. Second, I don't like the business model of Steemit. They just create new money, steem token, and use it to pay the publishers on it's website. And by doing that they are devaluating its own currency, by printing more or creating more to pay content providers. And it only trades on Poliniex and Bittrex. I don't think so. I mean, it is great if you are a user, but not as a long-term investor. That is my humble opinion.
MMA_Fighter0591
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@EXCAVO Buy STEEM now ? will go x4 aprox ? Thank you
Bistonic
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Yeah it looks like steem it waking up.
Personally I would love to see it take off, i´m a big fan of steemit.com!
Nice chart and thanks for sharing!
:-)
maranzando2
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isn't that a descending triangle?!?
b1tc0n
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Looks like we'll have to wait at least a month before buying.