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RE: 1 $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #50, "Then I saw Ned's hairs, now I'm a bee-liever " Sept 20, 2016
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I expect a bounce here, in my eyes this could be a solid turning point, if not a turning point at least a bounce.
but since the downtrend volume n the last 2 days have shown strong I still see a decent possibility of the price going further down to the one of the 3 purple lines beeneth it where it should finaly find firm ground to bounce from.
off TA comment
for everyone who might wonder, I'm accumulating steem not only cos I see the potential in the markets but also cos I believe in the idea of it.
I would be surprised if it bounced now:
a) large sell order pending (I learnt today about 200k SBD to fund STEEM fest)
b) Synereo Fundraising Campaign started today with a 24h bonus for early birds. I see a chance that buyers will fly there, at least for a while.