STEEM - We broke our trading canal.. via the bottom

in steem •  7 years ago 

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

We were testing for the second time the lower line of our trading canal and unfortunately, we finished to break it. The effect is immediate and we had an acceleration of the drop. It is a bad news my friends and as I said you the past days, I don't see any major support before the 1$ level now. Time to hold and be strong during the bad period which is coming...

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.

BARRE STEEMIT.jpg

Are you looking for a user friendly way to exchange your cryptos in £, $, € ?
Do you want them spendable directly via a dedicate plastic Visa card ?
Do you want receive back 0.5% of your spending in Bitcoin ?
I recommend you the platform Wirex.jpg

BARRE STEEMIT.jpg

CryptoPassion-Bannière.jpg

BARRE STEEMIT.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

This is devastating, I didn’t think we would ever see these prices again. I expected a crash but not like this!

It seems shit is about to get real. It is not the end of the world though and it was expected for altcoins to generally behave like this since bitcoin is taking the hit from the bears. I guess like cryptopassion said, we just have to be strong!

This is a sad moment for criptos.

I guess not just for cryptos but for the economy in general. We're under a transaction moment around the world...

I guess you can say that its starting to lose its Self eSTEEM :P

Sorry couldn't help it!

This may be due to news that is dragging down BTC. The whole market is down, not just STEEM

I would not say the news, because fundamentally, if it is about the news, things should have gotten better by now. This was imminent after the manipulated pump last year which caused a huge FOMO. I would not say this is new, but rather one of those things we get to see in a volatile market.

Bitcoin has so far formed a downtrend channel, and until we see a breakout and a small consolidation period before we can start seeing any serious move with altcoins and that includes steem, so we just keep our arms crossed and see how things pan out. By the way, looking at most of the charts of alts, you will see they tend to follow the same pattern throughout!

Well, looking forward to bagging up some potential altcoins at the dip anyway.

Nice TA

This post is good.