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Steem is a cryptocurrency that was released in 2016. It can be traded on the open market through cryptocurrency exchanges and obtained in exchange for goods or services. The price is very volatile due to the limited amount that's available on the markets. It's not very liquid and relatively small trades can move the price. Steemit does allows for mining, even though it’s not the primary way to earn money. Units can be bought or sold against other cryptocurrencies.

Steem has 3 distinct units:
-Steem, which can be bought and sold in the market
-Steem Power, which cannot be sold for 2 years
-Steem Dollar, which can be converted into Steem or Steem Power
Steemit is a social platform which attracts people that learn to use Steem naturally. The cryptocurrency has no cap on the number of units, as opposed to Bitcoin and Litecoin.
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There is possibility for the beginning of uptrend in STEEMUSD

Technical analysis: . Steem/Dollar is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . There is a ...

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STEEM - biger picture

maybe some repeting pattern...

Bitkingfx Bitkingfx STEEMBTC, 360, Long ,
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STEEMBTC, 360 Long
STEEM/BTC - Looking great to start the next impulse up.

We should now start to see money coming back into altcoins again and I think STEEM is ready to make the next impulse up. The idea behind STEEMIT is great and I can see the platform becoming more and more popular once it moves out of beta. I personally think that it will become a legitimate threat to Facebook and Twitter and will spearhead the next generation in ...

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STEEMBTC Long Investment Opportunity - 15 July 2017

I love the Steemit Community and for this reason I believe Steemit and Steem Coin will revolutionize social media content marketing and lifestyle design. I believe Steemit will be competing with the giants in a few years. Fundamental Commentary This new fork in BTC being launched from AUG 1 2017 will cause a lot of volatility so this may help my trading idea ...

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Steem Investment Opportunity - July 15 2017

Today I am using STEEMETH to illustrate a potential long investing opportunity. We have multiple areas of resistance that I believe will be broken in due course. You can find me on Steemit as pipalchemy :) Enjoy the show! Rodrigo Antonio

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