STEEM - Consolidating still in progress - Break out should appear soon

in steem •  7 years ago 

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

We are exactly in the same position than yesterday. We are consolidating in the middle of one support line and one resistance line and we are waiting that the market choose a direction. It is exactly the same analysis on the BTC so I'm convinced that we will follow the BTC as soon as it will move. Don't trade the STEEM now, it is too much risky and it is more a casino game than trading. Wait that the market choose a trend and follow it.

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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Yeah, I believe that bull run will come again
I think it will come within 3 to 5 month.
Thank you.

Don't have any dogs in the race so to speak. I'm still watching the charts to get a feel for things. I used to trade silver back in the day, but this market 'feels' different. Much observation is still needed. I've never played with cryptocurrencies before, so this is all a new education for me.

I'm curious to see how STEEM and other cryptos couple to world events. I know with FOREX and things such as gold and silver, any little thing could drastically affect the markets. Silver would always spike when Apple bought their supplies for manufacturing purposes. There were times when you knew to pounce if you watched and paid attention to industry and the investment community. God bless those preppers and tin-foil hatters snapping it up. They were very good to me :)

removed

I've been waiting for awhile on this. Hopefully we see a jump soon!

I've been waiting for
Awhile on this. Hopefully
We see a jump soon!

                 - cryptomerch


I'm a bot. I detect haiku.

A great post recommends and I am waiing for next ones.

The bull run that never came!

Do hoy suggest yo buy STEEM right now? Or should we wait it to bounce up?

I am all for consolidation! Nice leveling out in the price action usually means an up trend!! I looked at SBD on Coinmarketcap yesterday and saw that it was valued at 7.00USD!! Quickly I realized why this was happening (HitBTC) but it just reminded me how excited I will be when it starts to run again! :)

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