Steemit tips #6 Will steem market going upsteemCreated with Sketch.

in #teammalaysia5 years ago

85A30043-8EFA-40BD-AD15-0D2431A82E67.png

These graph is steem pair with usd graph in TH4 . As what i can read from the graph , they already has double bottom which a consideration of pulling up or bullish power start to grow. We can see 2 big candle before the first low which mean , end of long beae market .

There where different between 2 and 3 candle.3 candle means trend , which mean they may be a continuation trend . But 2 candle sometime means end of rally of trend .

But as ,what we can see here is major trend is still bearish , and the risk go agains the major trend is risky .

After the last big candle , the market try to make bullish movement but it not too high , its jut finish one cycle of trend. Then it going down again and then being finish by long red candle. After that , it slowly start a small bull chart slowly , and its was a good sign of starting short term bullish market before if going up become a bullish trend.

Summary :
1- bear trend finish by long bar

  1. Small bull trend

  2. Small bear tread and make double bottom

  3. Small bullish bar getting out from lower inside bar

  4. Many investor start power up their steem power

Disclaimer : i just share how i read the market and dont make your decision just because i read this way. Take care of your own risk management

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