STEEM - Bounce still in progress - Sitting on the long term support line
Hello all,
The Bounce is still in progress on the STEEM like on other cryptos :
We need now to stay upper of that resistance line and use it to continue the bounce. I drawn you which kind of move we can expect if the bounce scenario is confirmed.
Any serious break of the red line will invalidate our scenario of double bottom and bounce. Let's see what will happen the current hours and how the master (BITCOIN) will impact the STEEM and other cryptos.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
As a trader, I recommend you the trading platform Bitfinex
10% discount on your trading fees for 1 month via this link !
I am hoping the floor is in for now
you are absolutely right steem is stable. it will rise in the mid of this mont
Master coin BTC is in a rise from yesterday. If it continues to rise it will clearly put impacts on steem and sbd. They are directly proportional with each other. But BTC is still not stable . I hope it rises more and more.
Been buying and powering up for quite a few days now! I want to keep buying on the cheap!! Trying to get to 10,000 SP!! Got +2,500!!
I just had this thought... Since the it appears the value of STEEM seems to follow the market cap closely.. am I wrong to theorize that the upcoming massive STEEM Power Down on Tuesday as reported by @me-tarzan could be used to boost the value of STEEM when the whales who powered down their STEEM start trading it on the market? Does that increase the market cap? Or am I just plain wrong?
Very optimistic, but thanks
So.... What exactly is influencing the value... what causes the extreme volatility?
That is something I feel I could use an answer to..
yes coin market prise is very low
I'm buying up Steem once a week to average in.
I see Steem as another long term coin that will hold value and has an excellent use case.
Thank you for providing this update.
JGV
I hope steem.bounces back soon :)!! Thank for sharing.