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Steem - Jack's AccumulationAs you may have seen, Jack Dorsey - CEO of Twitter and Square - recently put out a thread on twitter talking about his plans for a decentralized social media standard. You can view that thread here: twitter.com Jack Dorsey is a well known supporter of cryptocurrency and block chain development. In his popular cash app, you are given the option to purchase Bitcoin. Now he's talking about supporting a block chain standard for social media. In his thread, Jack mentions his associate team of developers that go by "Blue Sky." He makes a very interesting point, without giving too much detail of his plans. He says that the Blue Sky team will use an already existing block chain project or start from scratch. You'll notice he removes all responsibility and liability from himself by having the work done by a separate entity. This is a smart move legally, and gives a look of social responsibility. But let's be real, Jack is a capitalist. He's an active CEO of two publicly traded companies, Twitter and Square. He's going to have a share of whatever ecosystem is used. On top of that, why would Twitter dump money into a project to do work that has already been done? Developers are actively working on block chain out of passion. It would be in their best interest to coop an already existing project. Doing this saves Twitter and Jack money in the long run. Another point - there is going to be some serious money made here. While Jack paints a rosey picture of a decentralized web, the end game for this project is to make a small amount of people ungodly amounts of money. Having an existing project in their sites gives insiders a chance to accumulate the tokens of an already existing and actively traded financial instrument. Though I am pretty confident in the abilities of the Steem network and its viability for Blue Sky, I could be wrong, and there is definitely financial risk in taking a bet like this. IT IS SPECULATIVE. Let's get into the meat and potatoes... Steem took a dive the last 2 years. A high of $9, all the way down to $0.13... It's gone down quite a bit, and there is room for more. I show a potential downside of 56% from here. BUT, I do think a bottom is close to forming. It'll either be at $0.09 or $0.05. That's quite a spread, but if the Steem network is used for corporate development, it doesn't make a difference in the grand scheme of things. There is inherent risk in this trade, and it is wise to find a prudent and safe as possible entry. I would say the safest entry would be at it's all time low of $0.05. But just know if you wait around for it, it could never come. I personally will start entering the market at $0.09, knowing there could be more downside to come. I do think at $0.09, we could start seeing a more legitimate bottom forming, pairing with a break of long-term overhead resistance. The alternative is a breakdown below $0.09 and a rush down to $0.05. This would flush a lot of weak hands out, giving the big players a longer time to accumulate, so I don't think it's out of the question. I don't like to make definitive price targets, but if I had to, I expect about $0.25 by 2021. Here are the tickers for Jack Dorsey's companies, Twitter and Square: NYSE:SQ NYSE:TWTR Thanks for reading.
SLong
by micahjmiller
2
STEEM is Ready for BIG Rally. 13-40% Profit Expected in ST.DONT FORGET TO LIKE THIS ANALYSIS Chart Duration - 4H STEEM/BITCOIN BINANCE RISK LEVEL: 3/10 (Less means, Less risk) Key Points 1. Bottomed out at 11820 SAT Key level from where it jumps back heavily. Excellent buying zone (check 18 sept 2018) 11820 strong resistance if broken good sign. 2. Fibonacci on 4H, touched 127.2 FIB, 127 is always a good reversal point. 3. RSI very good around 30-35 (OVERSOLD) 4. MACD good buying signal 5. MFI money flow in 6. STOCH - reversal expected. 7. Good fundamentals - twitter.com 8. SteemFest Global Gathering 9. TestNet 15.1.18 Steem Smart Media Tokens BUYING ENTRY : 11400-12000 (Buy in Parts) SELL TARGETS : 12730-13200-14290-15000-16700 STOP LOSS : 11000 Recommedation : Focus more on first 3 targets if short term, if long term holder wait for big targets Time to reach Targets: 1-2 Weeks for 1st 3 Targets & 3-4 weeks for rest of the targets. RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Open4profit will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
Long
by open4profit
1
possible ongoing accumulation on fiber by marketmakers As you guys might know fiber is consolidating on the daily chart. While this is interesting, it's not too important. The important part is knowing where prices will head for next. And to me it looks like the marketmakers have left behind a clue. I compared fiber to DXY and I found the following: VS As you can see EUR/USD made a low on december 7th, and made a higher low on december 17th. DXY made a high on december 7th and made a higher high on december 17th. Wouldn't you expect fiber to make a lower low when dxy makes a higher high? I think that fiber refused to go lower because it's in a marketmaker buying program. Meaning that fiber is under accumulation and that a bullish move may very well occur. possible bull targets are the following: 1.1186-1.1216 and 1.1322-1.1343
Long
by philipvdlinde
3