🎥 Cryptocurrency Market Overview | 11.02.2020
Hello dear Steemians and Dtubers!
In this video, I analyzed the price chart of STEEM (STEEM/USD) on different time frames using Technical & Candlestick analysis. In addition I outlined some important candlestick formations and technical chart patterns.
After that I shared my point of view on the potential effect on Steem price due to the replacement of Liquid Steem rewards by SBD rewards.
Enjoy watching the video and, please, comment!
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last over 13 years, and as a cryptocurrency analyst for the last 2,5 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.
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the info is useful...
Posted via Steemleo
Thank you for the nice words!
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Thanks for a great video @cryptospa, and a very interesting analysis of Steem, and it's nice to see Steem price moving a bit higher, and even greater to see rewards in SBD because that is also backed by the blockchain conversion features with a set price from the witnesses in Steem, so it could really start to accelerate the price movement of Steem just by being printed, stay awesome.
Thank you for the awesome comment, @flaxz! Thank you for the interesting information about SBD.
Stay awesome!
Thanks @cryptospa, yeah you can exchange SBD for Steem in your Steemitwallet, but you can also convert it on the blockchain which takes a few days, and at a peged price set by the witnesses.
That's some amazing steem chart analysis. Glad to see some upward movement in price.
Hopefully the positive growth will increase 💯👍😁
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Thank you! I think that STEEM will surpass $0.30 by the end of the year.
Nice update @cryptospa! Looks like we are gonna witness a vibrant year in the crypto market!
Yeah, this year is going to be very interesting.