Market Update on Steem/USD 2/11/2018

On a 1m chart we have price chopping wood.

On a 30m chart we can see that the major impulse moves are to the downside with minor support waves. Based on the TA we are looking to chop between the lower and upper inertial prices without conviction either way for the next day or two. What I am also seeing is impact on sentiment based on where Bitcoin is currently trading. Bull, bear, bull, bear.... we have to wait until the weak hands have been washed out before anticipating a firm impulse move to the upside.