Steemit tips #6 Will steem market going up
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
Small bull trend
Small bear tread and make double bottom
Small bullish bar getting out from lower inside bar
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
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by tommyl33 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Your post has been manually curated by littlenewthings
Thank you for sharing your posts with us. This post was curated by TeamMalaysia as part of our community support. Looking forward for more posts from you.
To support the growth of TeamMalaysia Follow our upvotes by using steemauto.com and follow trail of @myach
Vote TeamMalaysia witness bitrocker2020 using this link vote bitrocker2020 witness