Semblance of a Bounce: Part 2

Hello Steemians! We continue to trade similar patterns on this Sunday. Let's have a look.

As I write this post BTC is trading @7000. It is printing the second green candle in a row, yay! Hey, but that will be the end of excitement for me. BTC is still below the 10 EMA and printing a longish upper wick. If you are a bull, you shouldn't like upper wicks. Just saying. It is fairly simple support and resistance at this point. 6000 is the support below, and 8000 is the resistance above. We must get outside this range for me to get interested.

Steem:

For a change STEEM daily chart continue to look slightly better. Recently we have formed two lows. First one at 1.23, and the second at 1.41; on April 01 and April 06 respectively. So one is higher low compared to the other. Higher lows and higher highs make an uptrend. Still I don't see too much of a reason to turn bullish yet. We have a major resistance at 2.2, unless we clear that, there is really nothing to be excited about.

That's that. I don't read news much, as it is very distracting. But this weekend I am reading Vitalik Buterin's 62 tweets from 5 days ago. It's deep. But if you are really into crypto, you should check it out.

Disclaimer: This is NOT professional advice, this is all just my own opinion and experience. I am NOT a Certified Financial Adviser. Consult professionals for any financial, accounting or legal related questions you have.