Hello all,
Here is the chart of yesterday :
Here is the current chart :
After a little break of the support line, we had quickly a bounce which allow us to go back higher than this line. This kind of move is usual and often used by the traders to force weak hands to sell at cheap price before the start a bounce.
That move started a little UP trend and we could go test quickly the resistance line at 2$ level. Let's see if this move is confirmed or if it was only a little bounce before a new drop which will break easly again our support line at 1.5$.
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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Every crypto seems over-sold at this point, plus stocks are starting to crash from the looming trade war between China and the USA, so we may see some good inflows into cryptos over the next few weeks as investors run for protection into gold, silver and bitcoin.
Steem @ $2 by the end of the week seems very reasonable.
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tradewar is a little harsh dont you think so?
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Not really. The Chinese launched their Petro-Yuan, which means the USA has not choice but to attack at this point. Trump will escalate with tariffs and drag other countries into the fight. This is the start of a major economic war, make no mistake about it!
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$50 billion tariffs already announced on steel and aluminium. Chinese have responded with similar tariffs on US goods. The first shots have been fired!
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Well, I dont think so,
but time will tell. Its a special situation thats true for sure!
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I am bullish aswell! but near term volatility might destroy every technical pattern. just buy cheap from time to time and hodl!
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Split the buys and the sells is always a good advice. However, I'm sure the TA are still helping in all these moves ;)
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I think i am going to follow you for some crypto input- even though stocktrading is my thing.
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@cryptopassion has great predictions. You first previously predicted rightly that would drop to 1.50 usd. Just hope $2 will work out too.
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That second prediction is also reached my friend ;)
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That's very true. Thanks for sharing your knowledge and advice :)
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It's easy... Steem will do, whatever BTC is doing - as always...
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It is not a 100% rule.
For sure BTC is impacting the other altcoins but look today.
We have around 5% of increase for BTC, 25% for STEEM and 60% for SBD.
And all the altcoins don't have this kind of increase so for sure each coin has its own potential of move.
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Well, days like today are very rare and mostly due to a temporary push and only since BTC is also up. I would only say, that an altcoin has a life on its own, when lets say BTC is going down for a week and the altcoin is going up contrary to the BTC trend. The moment BTC goes down 5%, Steem will lose 20% again - so it's all about the (slightly) bigger picture - but of course, I'd like to see the market proof me wrong and Steem moving up to $4 again with BTC still being under 10k. I think this is highly unlikely...
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I’m just sitting back and relaxing. Collecting as much cheap coin as I can. Come december. Those who sold will be pretty upset with the results
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Honestly, what we call cheap coins often defies logic. Projects raise huge capitals with little to show for, from an objective perspective most coins are still overpriced. It might actually be a year with lower highs, which might lead to hodl'er panic and lower lows. Just saying, it probably won't happen but it is not that unlikely. By the time the markets get back up the tech of your favorite projects might be obsolete.
Yea, I still bought, but it is a risk.
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Ok i absoutly.
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Just like Snov.
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Thanks for this info. It is an observation time for me, but such technical analyses help me a lot ;)
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A breakout is looking likely with fundamental analysis giving some positive outlook for us HODLERS! Hopefully with some increased adoption this is just the start, even if we get another dip, we will collect some more coins;)
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very good post, visit my page
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The views are similar ..
Good post...^^ Voting the post.
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the good thing is happening, it is better while it is under good time to invest, in addition to winning also when the truth rises steemit is a great tool, very happy to have known it
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A very nice and simple way of forecasting the trend of bitcoin price. Thanks very much for that
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Hola! Muchas gracias, yo como nueva en este mundo de las Crypto toda información me es muy valiosa
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