STEEM update 28.08.17
STEEM is close to the turning point. It can go a little higher and start a little short squeeze, but it does not have to at this point. STEEM is already looking bearish.
In my last post I pointed at another five waves up, then down
Now those five waves could be completed or completed soon, starting the final pain for STEEM.
If this pattern is completed, there is a high chance of very good times ahead for STEEM🔥🔥🔥 So let's hope for the best.
You might not know this, but after such a deep correction (which is rare), a very big wave up is expected afterwards️ 💗. Cheers to that...
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DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way i see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
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.
Tell me what you think...
Have a nice day :-)
That so scary to go down a bit. That timeframe on D1. Strong movement soon
Yes, it is scary, but in the end it will help us push the price to the moon.
Well, the recent news from Steem shook up the price a bit, but it seems the effect wear off now...
Thanks for the analysis
I will take your analysis
Very interesting, how far up do you think Steem can go eventually? 2 USD?
I don't think this is very likely anymore. My maximum target was 2.1$ @ 4300 BTC but there is a big bearish 4 hours candle right now...
Things move fast on crypto hope 1.8 price soon.
Great observation! Most Steemians are having so much fun with the new platform, market increases are welcomed icing on the cake.
Peace.
Please allow me to ask that we remember to keep those going through TS Harvey flooding/destruction in our prayers for a swift restoration.
good analysis....
Very useful TA. The multiple charts with comments on each is very helpful.
..top info..we ll see what happens..follow you..upvoted..resteemed..
Hi, can you please make chart with steem/usd too because btc is rising and it might seem that steem price is going down even if it has the same usd price.
I will take a look at it but I think the count of steem/btc is more useful to see the end of the correction