STEEM
Mentioned about the possible upside and reversal yesterday
If it continue to consolidate, steem may have some upside to go and sideway movement along the 0.80 support on steem/usd till around completion of the possible IHS. Possible TD9 and stoch cycle reversal to support. If btc selloff, steem likely to follow suit, possible entry for dip support buys after the selloff.
Well it happened quickly on steem/btc instead of steem/usd. Maybe steem/usd still lagging. Stoch cycle on steem/usd daily candle possible reversal, maybe momentum to continue the possible IHS if btc continue the sideway consolidation.
On 4 hourly candle, the spike up was so fast and no breather, missed the entry. Possible similar pattern in aug where is rally from support around 0.0001300+ to 0.0001550+ almost 250 pts then slides down again. Missed the entry on pullback around 0.0001450, wait for one more pullback and manage to get an entry but missed the small spikes into highs 0.0001400, candles looking heavy and took the small profit.
stockpile for short : high (more slow bleed)
Short term moving average (day candle) : downtrend looking to curve up
RSI : -
SBD/STEEM :
Weekly Timeframe :
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