Steem market watch 12 & 13 marchsteemCreated with Sketch.

in #steemxp5 years ago (edited)

Good morning everyone .

I was about to write something about market watch yesterday but i was disturb in the middle of writing to spend my day with my mother and brother . But it doesnt matter , i ll just write about last night market and today market because there no huge movement in the market today .

So , the market price between STEEM/USDT is at 51 cent , which was looking good after drop until 21 cenr in previous lower. For those who has buying steem at that price , congratulation . You haa double your investment.

TF : D1

This is daily market .

As i have mention in my last market watch , the market will meet new resistance before it can go up , seem the whale 🐳 selling their steem and force the price to go 46 cent yesterday .

Luckily , market has close higher than previous resistance last week as shown in graph above with big candle .

Tips : Big candle has two meaning ,
a . The candle has a grear momentum to continue the market hike , always happen after news / rumor

b. The trend finish blow before decide the next market movement .

In this case , we can see its take no b defination .

Lets see into detail what happen by looking at smaller timeframe in yesterday chart .

TF : H4

In 4 hour time frame , we can see the momentum of selling is less than buying by looking at the market volume , in my opinion , its happen because sell pending order by the whale . And we can see another buy at previous resistance (buy order at 46 cent )

TF : 1H

Yesterday the market closw with a doji or also telling us the undecision market . Its continue by today market (this morning ) where the marker still dont decide where it want to go. It may continue sideway market a range price (look at the market) , before it making its real trends.

We might see some movement at london and us open . But , let just wait the signal for it continution bullish or selling whale that force the market trend.

Disclaimer : Trade on your own risk , this is my personal view about the market

STEEM ON.

@tommyl33 is waiting

Sort:  

looks like things are settling down for now however I see another push by tomorrow or friday with a large downtrend on Sunday night our time. Just gut feeling ... =)

big sales from whale 🐳. It may temporary , waiting for new entry for new entry for long haul

Posted using Partiko iOS

So if you check the 20 week moving average, Steem broke through that for the first time in a long time and is finding support! Kinda rides along with what you have there. Needless to say, I am bullish... But I don't worry about day to day price action. I am in this for the long haul. ACCUMULATION!

yeahhh agree with that .. been watching some MA , it may temporary sideway before it began tu bullish. Same here , im looking for long term haul ..

Posted using Partiko iOS

thanks buddy

Posted using Partiko iOS

😱 nice breakout from R1

after waiting so long 😂😂

Posted using Partiko iOS

Yeah great analysis thanks!

thanks

Posted using Partiko iOS

You've received an upvote from SteemXP Community

SteemXP Curation Guild is dedicated to the growing Southeast Asia steemit communities. To support and promotes new and promising authors, original and good content from Southeast Asian Nations Member Nation. Indonesia, Thailand, Malaysia, Vietnam, Singapore, Philippines, Myanmar (Burma), Cambodia, Laos, Brunei.

Check out our Website, Join our community on Discord and support our mission by following our curation guild.

Vote SteemXP Witness @bitrocker2020 using this link

Congratulations @tommyl33! You received a personal award!

DrugWars Early Access
Thank you for taking part in the early access of Drugwars.

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

Are you a DrugWars early adopter? Benvenuto in famiglia!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

GREEN CANDLES!!!!
Yeay!!!

Posted using Partiko Android

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70797.92
ETH 3553.00
USDT 1.00
SBD 4.76