Bitcoin is on the move up.

We are now 9 days past the "you are here" mark. If history repeats Bitcoin will ascend 80% over the next 2 weeks or so. In fact, over the next couple days, Bitcoin should break through the local peak at $10500 and parabolically move up from there.

What about Steem?

Steem will almost certainly go up more than 80%, and we've already had a good run up today. The reason for this is everyone defending the chain from Justin Sun. Way more stake is powered up than normal and 3 big exchanges are insolvent. There isn't a lot of liquidity out there, and the price of Steem could easily go anywhere from +100% to +300% over the next 2 weeks if Bitcoin does indeed make the run up for the pre-halving rally.

260M Steem is powered up. It's usually around 200M. That's an extra 60M Steem that's powered up because Justin Sun doesn't understand decentralization. Steem is getting amazing press. Hopefully some of the users who buy the rally power more up and support our witnesses (I doubt it because bots control the market).

I repeat: there are only 80 million liquid coins in the entire Steem ecosystem!

Everyone should start a powerdown now.

You don't get any money for 7 days. Think about how long 7 days is in this climate. If Justin pushes a hardfork everyone needs to have liquid funds ASAP in order to dump the market and migrate to the new chain. Everything you do with your coins after Sun pushes a HF will likely not apply on the new chain created... of course you should wait for confirmation that a big player has indeed created a sister fork before you do anything rash.

If we are still in this situation 7 days from now you can cancel the powerdown to continue supporting the chain.

However, it also might be smart to just sell a little bit into the bubbled market (if only to buy more at a lower price).

Conclusion

It's hard to imagine Steem having a big run up like this because of how long it's been since we've had one. However, when Steem runs up, it runs up hard, and this is the perfect climate to create such a scenario.

Bitcoin Boom/Bust Incoming (at the craziest time)

Looks my prediction might be coming true.