Steem VS Bitcoin - How Far Down?
Steems continues to produce lower lows and lower highs suggesting the continuation of the downtrend.
Currently price rejecting short term uptrend trendline, which does act as the support. Although if 4h close will be below the trendline STEEM/BTC can go lower, down to 227.2% Fibonacci retracement, which is 1850 - 1750 satoshis area.
Here is the long term view: https://steemit.com/steem/@hitechcrypto/steem-could-reach-usd33-by-2021-over-10-000-gain