Hello everyone who are still awake in this dawn (at least it is 3:40 am right now for me) XP
First of all I must say I'm no specialist in crypto, in fact I'm still pretty new to this brand new world. So would not be wise to just blindly follow any crypto investment advice you might get from me. I wont take responsibility for any money lost but my own this way lol.
with that said. I would like to share a prediction here. I've been watching the steem behavior for some months, And I realized it use to be waving between 1 and 1.6 $ average, I'm still constructing a deep understanding about this, but one of my best guess, of this happening is that people have already realized that this was happen and they are just setting their buying near to 1 $ and their selling near to 1.6 $. Yeah I know this just do not explain why does this started. But I believe that is one of the main reasons why this is still happening several times in a month.
When I first realized this I decided to give it a try and trade 100 SBD for steem when It was in a rate near to 1 STEEM to 1.15 SBD, two days latter steam price have risen to about 1.6 $ and I managed to sell near to 1.55 well the result of this was by the end of the day I was holding about 130 SBD that was a 30% profit IN ONLY 2 DAYS! So I decide to keep investigating this pattern in order to try to make some good trades like this.
Obviously when some big external influence happens that mess with all everything in here too, as an example the recent big dip that BTC had from 5000 $ to 2900 $ in the bottom had a huge influence on all other altcoins, with steem included, but I believe now the BTC is almost back to its original price, things might come back to the previous patterns I've already spotted here.
Due to the current charts of steem I see we are quite near to a huge wall of buying with no wall of selling to stop it until 1.6 (again) so I would like to register this prediction that steem might pump back near to 1.6~1.5 in the following days. I can be wrong one thing is sure i'm literally betting my money on it LoL.
Let me know what you think about this steem behavior on the comments, please feel invited to disagreed with my thoughts I believe debating ideas is the best way to seek for the truth. :D
Ps: Remember by just clicking in the resteem button you will be giving an amazingly support to great content authors to keep doing his good work. So do not hesitate to resteem or even making a post about a good content you have seen, share it with your Steemit brothers and sisters! ^^
Thank you for reading my post!
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I intend to post about amazing things I've experienced, and hope soon be able to bring you with me to my new adventures !