Technical View on Steemit & Steemdollars

in #steemit7 years ago

I recently looked at the charts of SteemBTC and realised that there as some really interesting patterns developing in them which indicate some great bullish potentials.

Triangle Formation

First, we have a triangle formation which I think will break to the upside once Bitcoin Starts moving higher.

Bullish Gartley

Alternatively, even if we break to the downside, there is a horizontal support which also is the point of completion of a Bullish Gartley pattern on the charts.

Overall, the entire scenario looks ripe for some strong movements upwards towards new all time highs. Will have to keep a watch.


Follow me on Twitter for more updates.

If you agree with my views & benefit from them, make sure to upvote & resteem. Please leave your comments as well with any suggestions and views you may have.

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 56465.77
ETH 2331.79
USDT 1.00
SBD 2.36