![Imgur](http://i.imgur.com/3nIxwwm.png)

### Daily Overview

#### Price

![](https://steemitimages.com/DQmPguR7QTXyWRwPufGo92jAvJ9YmYifg5fTrSK36R3QEtw/image.png)

#### Posts

![](https://steemitimages.com/DQmQpHCefidJ18p6iBVjvopy7bfGVAfjcs6gDqU9zbHUCxo/image.png)

#### Daily Payouts

![](https://steemitimages.com/DQmRR5XCAqVu6YddHXgL1btaR66hT59BQHPLR16NLb4DrkA/image.png)

### Macro Events

HF 19 has been mostly positive.

Minnows now have more influence on the platform, feelings surrounding the platform remain positive.

Users have expressed discontent with self-upvoting which at the moment can offer users doubling of their SP within 6 months if upvoting their own posts and comments each daily with their daily voting quota.

### Technicals

![](https://steemitimages.com/DQmPSRL5mkzy71qBZok3eygWVAUyQQ4bqrLY83BKtBb7v3d/image.png)

The price has come back down after a terrific start to June, currently the price is testing the previous high close of ~63,000 Sats. 

I expect the price to bounce off this previous resistance now turned support. 

At time of writing, it has bounced from ~55,000 sats which will now be the LOW on the daily time frame.

We are currently below the MONTHLY pivot and I expect the bounce to test the pivot before deciding to break through it or continue the short term down trend.

A break and close above the monthly pivot of 69,500 sats will signal a BULLISH continuation of trend, whilst a break of the LOW at ~55,000 sats will signal the beginning of a trend reversal and the beginning of a medium term BEARISH trend.

STEEM is now largely coupled to the performance of BITCOIN. Gains in bitcoin resolve to gains in STEEM and vice versa. 



#### Steem daily forecast is updated daily. Format is yet to be set in stone. Please upvote follow and resteem

~Bateman