The state of STEEM/BTC on 8:40 GMT+2 on 4hour timeframe (Binance exchange) looks following:
I see a bullish flag pattern so my main scenario is UP.
In my previous post I predicted the price will drop to 0.00001600 - 0.00001620 zone . And it did happen.
And now, if you do believe in Steem power, it is time to load up. I'm personally have already sold all my XRP and bought steem instead :)
Let's look at the daily chart:
The price has reached the middle line of Bollinger Bands and Stochastic RSI has almost left overbought area. If this middle line will not allow bears pull the price down, there should be breakthrough of the upper line of Bollinger Bands.
For more safe trade one should monitor hourly chart
and wait until STEEM/BTC pair leave the current descending channel.>
The rise above 0.00001690 will be signal for Bulls, it is main scenario. The decline below 0.00001570 will mean the victory of Bears and further decline of steem price, alternative scenario.
Let's keep fingers crossed but keep emotions aside in order to get richer :)
You should tag this with #steemleo - this is totally within their financial and investment focus. Good post!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for the advice :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I would say it will bump back on the uptrend as the current downfall in the market just announces another bull run. Keep the faith and patience!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good explanation
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think everything went down as all the ALT coins follow the downtrend. I cannot explain how the projects are growing on one side and how the price move to the reverse flow. What's going on...?!?!?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @stranger27! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for using eSteem!
Your post has been voted as a part of eSteem encouragement program. Keep up the good work! Install Android, iOS Mobile app or Windows, Mac, Linux Surfer app, if you haven't already!
Learn more: https://esteem.app
Join our discord: https://discord.gg/8eHupPq
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I do hope it's a bull rather than a bear
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit