STEEM - New triangle in formation - Break Out soon
Hello all,
The STEEM is forming a very nice triangle pattern and we should see soon a new Break Out:
As always no one can be 100% sure of the direction that the Break Out will take.
The safest way to trade it is the following :
- Wait the start of the Break Out (UP or DOWN)
- Enter your position by following the trend
- Determine your profit target when you know the price of your entry
- Wait and adapt if needed your profit target to sold your position with I hope a nice profit.
I wish you massive profits and a merry Christmas,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. 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.
Version française ici : [FR] STEEM - Nouveau triangle en formation - Break Out imminent
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Lets hope so :)
Thanks for such great information!
Do you think Steem will ever get down to 2, 3 dollars again? I want to invest in some SP.
IMO, no. There’s too many new users being added. There would have to be a pretty big sell off. Nothing is impossible though
I see... Dammit, speculation markets!!! hahaha
It's unlikely. Since the breakout from $1, we have been in a steady and upwards trend. Even-though their isn't that many technology released.
What you mean with "not many technology released"? :O
Well, we haven't had much updates on the website and blockchain in a few weeks. As the developers are working on some big changes(release of the Smart Tokens for example).
So the 150% increase in price isn't because technological improvement. But because the community got bigger.
Got it! hope to see some improvements on Steemit soon. The platform could be way more addictive, and specially to be able to find even more specific content. That be great.
Thanks for your answer!
After Christmas Bitcoin rate is going towards sky.. and will rise more and more...
Great Post. Thanks to Share.
I'm thinking we dip a little from that chart, thanks!
Really great post about Cryptocurrency and bitcoin trading system. Good job. Follow and upvoted you. Thanks for sharing such a good post. Happy new year.
Helpful advices thank you very much
nice information , followed and upvoted...