STEEM Is Indicating A BUY on the One Day Timeframe 💹↗💪

Img Src1 Img Src2 Img Src3

STEEM is looking strong today but as the second screenshot shows there is always this sell pressure because everyone just wants to cash out as the steem price like any other altcoin had been subjected into the so-called crypto winter.

But the good news is that it moves up like most of the altcoins and it just means that it shares the same price action with some good crypto out there so it will never get left behind and most possibly pump too in the coming days or weeks.

The BAKKT launching on the 23rd of this month probably has a great influence on the prices which is why traders are on the buying spree with their favorite alts and maybe some entities out there knows that we do not. But it is reflected on the price movements.

For me in the short, medium, and long-term perspective the holders would win this game even though some are saying that some alts will die but only those that are scams and no fundamental value will lose this game. We just hope that BTC would perform as expected and it is expected to rise because of the some factors like the halving and it always have a positive effect in the overall markets.

But steem is different, it has a very active community, it has decentralized apps built on top of it, there will be SMTs which would make the demand for STEEM even stronger and for the long-term effect of it will truly make the price better considering the circulating supply is more then 300 million steem. So it is better to buy and hold steem if you believe in its use and fundamentals.

Disclaimer: All statements here are my personal opinion and not financial advice.