Let's Revise our Hot STEEM Breakout Down to Lukewarm...

in steem •  7 years ago 


Coin Telegraph

GOOD EVENING STEEMIT!

It's Sunday night in Sydney and I'm back from my weekend away down the coast. I'm now sitting in my bed with my laptop doing some crypto charting, pondering where it all went wrong in my life.

Ah yes, that's the post-holiday depression setting in nicely.

China continues to literally pull damaging headlines without any factual backing out of their arse and the fact my portfolio continue to bleed certainly doesn't help.

To cheer me up and to ease me back into the working week, I just wanted to post a quick update on last week's STEEM breakout blog.

Here 's the STEEM daily chart that I wanted to focus on:

STEEM/BTC Daily

So as you can see from today's chart below, things didn't quite go to plan with the breakout...

BUT:

STEEM/BTC Daily

While price failed in to continue stepping up on the intraday chart like we spoke about in that last STEEM blog, it has retested what is now a confluence of support.

The break out WILL come. It's just a matter of when.

Peace.



Related @forexbrokr CHART ART Blogs

If chart setups that I've spoken about before are related out then I'll leave them here.

VESTED INTEREST OR NOT, THIS STEEM BREAKOUT LOOKS HOT!



Please leave a comment with your ideas or just share a chart.

Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to having you follow along and reading what you throw at me.

Twitter: @forexbrokr
Instagram: @forexbrokr
Website: www.forexbrokr.com

steem steemit cyptocurrency trading teamaustralia
7 years ago by

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    • [-]
      ·  7 years ago 

    Fantástico

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    1 vote
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      ·  7 years ago 

    Yes, sure thing.

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      [-]
        ·  7 years ago 

      Nice topic I like this post.
      Thanks for sharing this post...... Fr

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        [-]
          ·  7 years ago 

        You're welcome.

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          [-]
            ·  7 years ago 

          I think it's likely we're in a period of consolidation. As you stated, the China news has given the market a jolt and uncertainty currently reigns.

          I'd be holding here waiting for further downside to materialize. If we consolidate here, then we can look to add small bites here and there until momentum returns.

          Thanks for the post! Upvoted and now following. Cheers!

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            [-]
              ·  7 years ago 

            I think I'm agreeing with you here. Have to let the dust settle before we will see a jump.

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              [-]
                ·  7 years ago 

              This post recieved an upvote from amalia. If you would like to recieve upvotes from amalia on all your posts, simply FOLLOW @amalia2018

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                [-]
                  ·  7 years ago 

                I do not wish to receive upvotes from her. She is weird.

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                  [-]
                    ·  7 years ago 

                  Nice post

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                    [-]
                      ·  7 years ago 

                    Cheers lad.

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                      [-]
                        ·  7 years ago 

                      Good post you got new follow @forexbrokr

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                        [-]
                          ·  7 years ago 

                        Cheers.

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                            ·  7 years ago 

                          Congratulations @forexbrokr! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

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                            [-]
                              ·  7 years ago 

                            GREAT info bro

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                              [-]
                                ·  7 years ago 

                              Cheers braaa!

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