Steem Technical Analysis - Steem is in a free fall

in steem •  8 years ago 

After a high of $1.29 just a few hours ago Steem is going down rapidly right now. Steem lost half of its market capitalisation in 3 hours. Welcome in the world of cryptocurrencies where everything is possible. One Steem is still worth $0.64 so no worries. I hope you sold some Steem at these crazy high levels yesterday. I've used this pullback to buy back the Steem that I sold yesterday.

High on Poloniex: 0.00077800 BTC
Current price: 0.00036989 BTC (-48%)


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Support levels

My first support level was at 0.00037700, but that one is already broken. It was the high of 2 days ago and also the start of the breakout yesterday. (orange circles)
My next support levels are 0.00034500 BTC and 0.00032000. (the blue lines)


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I soooo cashed out at the right time !! Im about to put up my full steem ahead post lol ! I sold right when it hit 1.29 !! Haha got lucky ! Poloniex crashed 3 times !! I sold 1000 steem and made 1,455.00 dollars !! It will all be in my blog ! I was waiting for my 700 th folliwer im at 699!! But looks like i will have to post it anyways !👍👍👍

Well done, awesome!
Let me be your 700th follower :-)

Sorry my internet keeps cutting out !! Thats awesome i will mention you in my post !! Thanks a bunch !! Just need to add it then i will post ! Haha thats if the stupid internet doesnt go off again ! 👍😂😂👍

Thanks for your mention. Upvoted :)

Awesome and no problem ! Im allready up to 703 !!🚀🚀🚀👍

god inläg thanks

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It`s hard to do TA on STEEM/BTC when BTC Goes Rampange

If you see today very few coins are in + Positive Side today, and Steem is one of them. XRP & STR are still going down including ETH.

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  ·  8 years ago (edited)

lucky you :-) - what is your advise now - buying steem again? EDIT - Steem seems back up again :-)

Steem is very volatile right now. That's nice for daytrading, but for a long time investment I wouldn't buy here.
Buy low, sell high: Buy when everyone else is selling and sell when everyone else is buying.

yeah - that is the rule i know but it is so fast up and down again