RE: $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #87, "Ding ding dong" Oct. 27, 2016.

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$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #87, "Ding ding dong" Oct. 27, 2016.

in steem •  8 years ago  (edited)

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The price in a new all time low,, steemfest approaching could impact the price i a positive way, although we are still in downtrend and still plenty days to go till steemfest. Holding my bags , buying a bit along the way and waiting for reversal

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We have a nice wedge pattern here. Waiting for the breakout.

Lines drawn on a graph mean nothing. You guys need to stop wasting your time looking at graphs and look at the underlying fundamentals that drive those graphs. It's a social network and the commodity being bought and sold is attention and that means things like number of users, user activity, posts per day, etc.
When you see the 30 day average (new users per day), (posts per day), and things like that turn around, that is the time to by IMO. That will signify the bottom and a change in trend. Again, IMHO. :)

Did you catch the bottom of oil market this year By following Fundamentals?