This one is complicated, as the CEO (Ned) has been powering down for the last month (i.e. selling off thus far 1/3 of his steem assets thus far with no end in sight) and that has been a huge weight on steem.
The question is how much more will he sell. Right now he seems to have given in a little to the post pressure many have been making on him and stopped the massive selling the last few days, but he is still powering down and currently has 493,067.322 STEEM liquid in his wallet (steemit.com/@ned/transfers) with still the next power down payment to happen in 7 days. Given people power down to normally sell off, once he decides to sell that half million steem (and more, if he doesn't stop the power down), it will weigh heavily on the steem price and most likely break to the downside. If you follow the transfer when he has moved steem out of that account, one of the accounts transfers direct to a Bittrex account.
Thus, I'm very bearish on steem until the CEO reverses his massive sell off.
fayyad
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@Inspirar, well, that's seems huge dump is coming right but remember bad news is always good to get lower prices
steemit.com/steem/@whatsup/is-ned-breaking-bad
steemit.com/itshappening/@berniesanders/ned-trying-to-be-sneaky-with-his-selling
The question is how much more will he sell. Right now he seems to have given in a little to the post pressure many have been making on him and stopped the massive selling the last few days, but he is still powering down and currently has 493,067.322 STEEM liquid in his wallet (steemit.com/@ned/transfers) with still the next power down payment to happen in 7 days. Given people power down to normally sell off, once he decides to sell that half million steem (and more, if he doesn't stop the power down), it will weigh heavily on the steem price and most likely break to the downside. If you follow the transfer when he has moved steem out of that account, one of the accounts transfers direct to a Bittrex account.
Thus, I'm very bearish on steem until the CEO reverses his massive sell off.