Steem (STEEM) I'm ready for wave 3, are you?
Looks like C wave of intermediate wave 2 is complete. Heading for intermediate 1 of primary 3.
As you can see, it just hit the .618 fib line, and doesn't need to go much lower to complete the flat correction. Please note, indicators here are still bearish, but some volume will push us up quickly. I'm in!
Healthy trading and profitable investments,
The Freedom to Be
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If you profit from this idea and would like to keep the charts coming, wallets are below:
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ETH: 0x800fe4a5a75af9034f4982c04bdd4b557dca0f3f
BCC/BCH: 1QmchfEizCkLLweNySkAJmBCJ6zEtfkBB
What will trigger Wave 2 officially?
Wave 2 is a corrective wave and should be complete or nearly so. The second impulse wave is actually wave 3 ;)
What triggers these is essentially despair. When everyone willing to sell their holdings out of fear of collapse are finally shorted, the volume will trickle down to nothing. This is often followed by the slight increase and some sideways movement, using time to further frustrate the holders and exhaust their patience. Then when there is no more to be had, the impulses in price happen. Supply and demand takes over, then greed, euphoria. I'll find a chart.
Here you go:
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