STEEMIT: The Daily Transactions continue to clearly show the Long Term Growth of the Community..!!
DAILY TRANSACTIONS
For the last 6 months Speculators have taken a negative bet against STEEMIT and this was picked up a few weeks ago when I began to post the trend of the Daily Transactions.
Daily Transactions in essence is the noise created by the Community and includes, but not limited to: new accounts, posts, votes, flags, comments, blogs, deposits, withdrawals, in other words anytime the Blockchain is changed and redistributed.
It is these Daily Transactions that effectively tell you more about the strength of the Community rather than looking at the Price.
PRICE IS SPECULATION, TRANSACTIONS ARE FACT
The Price of STEEM is pure speculation (guesswork), where as the Daily Transactions are FACT..!!
No one can challenge these Daily Transactions and the direction they are going in, but I for one would be at the front of the queue to challenge the direction that the Price has been heading in the last 6 months.
Below is a summary of the dMA's (Daily Moving Averages) which is clearly showing a Long Term Bullish Trend to the UPSIDE..!!
TRANSACTIONS - dMA's (Daily Moving Averages)
LAST 10 DAYS TRANSACTIONS
Wed-08-Mar-17 = 134,024
Thu-09-Mar-17 = 130,734
Fri-10-Mar-17 = 137,540
Sat-11-Mar-17 = 127,328
Sun-12-Mar-17 = 149,350
Mon-13-Mar-17 = 165,969
Tue-14-Mar-17 = 140,626
Wed-15-Mar-17 = 112,323
Thu-16-Mar-17 = 115,556
Fri-17-Mar-17 = 148,835
TOTAL NUMBER OF TRANSACTIONS
The total number of Transactions now on the Blockchain stands at 26,124,567.
CONCLUSION - TECHNICAL ANALYSIS
From the above I once again reiterate the strength of the Community as follows:
Status Remains - STRONG (LONG TERM) BULLISH
Trend Remains - STRONG (LONG TERM) UPSIDE
Thanks again for reading.
Stephen
Looks like I came just in time to catch the STEEM train...
Choo-choo!!!
We are taking the bulls by the horns @stephenkendal.
Have read @arthuradamson new post. If not, check it out.
https://steemit.com/steemit/@arthuradamson/rome-and-steemit-was-not-built-in-a-day-the-rise-and-fall-of-rome-and-how-steemit-can-learn-from-this-story
Great write-up and great slides Stephen! It's truly amazing how much Steemit has grown in the last year. Very exciting!
It's and awesome platform Josh. You have to keep chipping away and build up your followers and reputation. For you this place is perfect. I think, I know, you will do well here. Have a great weekend and hopefully catch up soon again on Skype. I really want to talk about how News Feeds in the future will run on the Blockchain and like Derivatives it will be a Game Changer..!! Cheers Josh and say hi to John for me. Stephen