Watching the whole cryptomarket the last few days I have to say that STEEM is not doing so bad lately.
BITCOIN last drop has dragged all the altcoins but a few exceptions as TRON, which is losing -0.27% in the last 7 days and STEEM which is losing -3.7% and also some other minors sustaining and even having some green numbers as well (Maker, 0x...)
The 4h-STEEM/BTC chart is looking good and, If we were not in a Long Term Bearish Market I would say that is presenting a good moment for buying STEEM since seems that an inverted HEAD and SHOULDER Pattern is almost finished:
Also looking the STEEM/USD 4h-chart it seems the same:
I am curious to see if finally this pattern triggers a small bull-run... The projected target is 16500 Satoshis...
Enjoy!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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by toofasteddie
Hmm... a bit of light at the end of the tunnel.... but maybe we are still in it....
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Indeed, but light is what we need 😉
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Head and shoulder on the USD chart seems very difficult. Bitcoin is fighting hard not to fall below 6k.
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You are right. Steem/BTC has a better chance
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@toofasteddie, nice analysis! I completely agree with you if BTC is not in a downtrend Steem may skyrocket! :) I was thinking about it today while looking at the Steem/USD chart.
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