Hello, gentlemen.
On the BTC/USD currency pair, there are more and more chances that bitcoin will soon jump up. Yesterday in my post I already described this situation. This jump probably over a strong decline. Because of this expectation, a similar situation has developed in many altcoins.
Consider STEEM / BTC. "Binance", timeframe 12 hours.
Lines (1, 2) - the main support and resistance.
Line (3) - local support.
In the case of a bitcoin jump, STEEM trading can create a rush demand for a coin, specially created by large players. In this case, there will be a probability that the price will break through the resistance line (2) and begin to grow rapidly. In this case, the next price corridor, in which there will be large sell orders, will be the corridor (a, b). This means that the price of the STEEM token reaching the level of 0.000145-0.000165 BTC, will be under very strong pressure. After that, the price will fall to the level 0.0001 BTC+/-.,
I want to repeat that this is a LIKELY forecast for events on STEEM. Previously, I assumed that the price of the coin would not jump above the line (2), but then there were no references to such strong bullish pressure on bitcoin.
Good luck!
The @upvoteinvest team
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