RE: $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #85, "Is depression starting to kick in?" Oct. 25, 2016.

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$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #85, "Is depression starting to kick in?" Oct. 25, 2016.

in steem •  8 years ago 

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The price went even lower, nearly touching the 0.00027 local low from Bittrex (on Bittrex it even spiked slightly below it), which could act as a possible resistance line, after which comes the 0.00025 line which is the all the time from Bittrex which is the last historical support. If that breaks the price could start looking for new bouncing ground and possibly pick up in volatility.

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Fundamentally, there is no reason for steem to have any value, and with 1-2% daily inflation lol

Steem will work just fine at .001

Just wait until close to 10:1 reverse split in 2.5yrs and then buy steem