STEEM - Drop and Pull Back
Hello all,
Here is the chart of yesterday :
Here is the current chart :
The crypto are becoming more more unpredictable. Tbh, it is a good sign because it shows that the market has difficulties to go lower but also higher. We are in an indecision phase which occurs often before the start of the UP trend. Anyway, it is still early to talk about that now but we can see that the STEEM dropped due to the BTC drop. However, the market on the STEEM decided to make an immediate bounce from the MMA50 (mobile average line in purple). The important now is to stay upper than the support line at 0.39$.
I wish you massive profits,
Cryptopassion.io
Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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Do you see a lower price on Steem?
Posted using Partiko Android
As I explained lower, I would like really that the previous top around 0.43$ is broken with a UP break Out. This should confirm that the low is done.
We are now holding the 0.38-0.40$ range for quite a while now.
Some people are screming the bottom is yet to come for bitcoin and the price of Steem could go lower then 0.20$
Posted using Partiko Android
Yes I obviously see that there is a bigger tendency for us to experience more rise rate rather than a lower rate, so it's like taking two steps forward and one step backward which is good for me, thanks for the enlightening post
The UP trend is realy taking place I think. We will for sure have some correction but the trend is really changing
I think bottoms already in. No more lower lows. Since mid December we have been in a nice uptrend if it remains this way. We just have to wait and see how it plays out. 👍 Steem On ♨️📈
Posted using Partiko iOS
It is really possible but you know, I prefer be carefull than again disapointed. I would like really we break the previous top around 0.43$. This signal will really show the bottom is done, not yet now.
I was talking crypto in general not just Steem but yes I’d like to see the same in Steem but as you see every time BTC goes down it gets bought up and recovers pretty quickly. I expect a big breakout in the next couple months.
For Steem the Steem-Engine tokens and the DEX once it’s live which is not far away. Will cause Steem to launch with the arrival of new apps coming out left and right. It did the same for TRX even in 2018 when BTC got rekt. TRX had a good year with the launch of their tokens and the rush of games that came after. I expect to see something similar for Steem.
I agree best to be safe but even if we don’t have the bottom in which I highly doubt. We cant go much lower then our previous lows. Which is why I think It is a great time to accumulate dollar cost avg. If it goes up we don’t miss out if it goes down you buy more for a better price.
I see your posts everyday jeep up the good work. 👍
Posted using Partiko iOS
Thanks for sharing this, I love it. Very educative and informative.
#upvoted and#resteemed.
Posted using Partiko Android
You welcome, always a pleasure to help and give my opinion
Okay, thanks. Are you on discord or twitter. Send me your link please. Thanks. I know you are very busy person. But I also know you will find time to teach me as well. Follow me I have sent you invite on steemit.
Posted using Partiko Android