In honor of @Dan, one of the creators of Steemit, I have developed the Danometer. What is a Danometer you may ask? Well, the Danometer functions very similar to a Barometer.

Image source: clipartsgram.com

Barometer

ba·rom·e·ter
[bəˈrämədər]
NOUN
an instrument measuring atmospheric pressure, used especially in forecasting the weather and determining altitude.
something that reflects changes in circumstances or opinions

Like a Barometer measures atmospheric pressure, a Danometer is an instrument for measuring Steem Pressure, and can be used in forcasting the Price of Steem.

How a Danometer Works

Every day, I will compile the amount of Steem that exists and feed that to the Danometer and will publish the 3 readings I receive. These reading are for short term (24 hours), medium term (7 day) and long term (30 day) changes in the amount of Steem Pressure. A falling Steem Pressure would indicate that there may be an upward movement in the price of Steem in the near future due to people powering up their Steem and reducing the readily available supply of Steem. Conversely, a rising Steem Pressure would indicate that there may be an downward movement in the price of Steem due to people powering down their Steem Power and increasing the supply of Steem.

24 Hour Danometer

As you can see, short term Steem Pressure has remained fairly steady with only a small increase in the amount of Steem available in the last 24 hours. Forecast: Neutral

7 Day Danometer

The medium term Steem Pressure has also remained fairly steady with a small decrease in the amount of Steem available in the last 7 days. Forecast: Neutral

30 Day Danometer

The long term Steem Pressure has been rising with a small increase in the amount of Steem available in the last 30 days. Forecast: Steem price falling

Steem Flowing Into Exchanges

A final piece of information that can aid in your analysis of potential future price movements of Steem is the amount of Steem flowing into and out of the two biggest Steem exchanges, Poloniex and Bittrex. Over the last 24 hours there has been a net flow of approximately 45 thousand Steem into the exchanges. With a market value of approximately $76,500. This is a very small amount compared to the current Steem market cap of just over $400 million and 24 hour trade volumn of $1.2 million.

Please note: I am not an investment professional. This is all anecdotal information. Please do your own research before making any investment decisions.