STEEM Bounce Trade Update

in #steem6 years ago

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Cryptocurrency Markets

It’s Thursday night in Sydney and I have been kept busy with trading and some blockchain related side projects that I don’t really want to go into, but today’s Steemit blog is going to suffer as a result.

But markets and trading is just a never ending narrative and right now, as always, the narrative simply rolls on. We’ve been waiting for STEEM to bounce for a chance to get long and low and behold, the higher time frame level we were watching has been obeyed:

While im doing updates, STEEM has also just pulled back into a really interesting daily zone which is getting me a little excited.

STEEM/USD Daily

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Well if you open up your charts and take a look at the STEEM daily, then you’ll see that the level has been obeyed and now it’s time to look for that retest of short term previous resistance as support for an entry:

Well, we’re only up the the daily zone, but already on the hourly, you can see that we’re forming this nice short term support base that we can look for an entry off of, if it does in fact bounce here:

STEEM/USD Hourly

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Just like clockwork:

STEEM Hourly Updated

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Just look at the way that price flirted with the zone once and has now come back to it again.

Is this one of those 2nd and 3rd chances to enter before something big happens to cause price to rip faces off the shortest?

Remember this?:

Wouldn’t it just be perfect if Ned dropped a news release bombshell on the market? I do talk a lot about markets setting up from a technical point of view, just before big fundamentals change the game.

This one feels like this... it’s coming.

Come on Neddy-boy. Make us some money!

✌🏻.




@forexbrokr | Steemit Blog

Market Analyst and Forex Broker.

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Well, he does seem to be doing a lot of marketing with presentations and interviews about Steem, so we might see some huge news really soon!

Yeah, that’s sort of what I’m thinking. This big PR drive has sort of come out of nowhere. There’s got to be a reason behind it.

hy mate please which broker do you use...i dont have these comodities as tradable on my fxchoice.

You mean cryptocurrencies like STEEM? You need to open an account with a crypto exchange, buy some Bitcoin and then trade cryptocurrencies with that.

I’m actually not sure which crypto exchange to recommend for you in Nigeria though. Sorry I can’t help you more.

nice man thanks

nicely said mate, I can feel the spring building tension and pressure ready for a release.
Steemitblog etc have been posting more in the past few days as well, plus Ned actually getting out there and marketing.
Its all building for a boom at the end of the month. Lets just home SBD can keep pace.

Something is coming. I kind of like that the market is just anticipating it as well, rather than Steemit Inc telling them something is coming. That’s when you get those classic sell the news plays.

I’m genuinely excited and just want to know what’s going to happen with SMTs and everything around them!

so long as that something isn't a gold wrapped turd we'll all be fine.

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