Objective Observations
- No major fundamental attack
- No catastrophic (systemic and critical) event
- Downtrend primarily profit taking and secondarily news-driven since November (amplified by governmental regulatory discussions)
Assumption
- Big money front-running. Market being artificially suppressed.
Anticipating breakout towards $10k OR bull-trap back to previous low support of $6k
Up is good for all of crypto, including STEEM. Down is good for people who want to buy more.
via Trading View -- see the interactive chart here
I for myself tend to the the breakout towards 10K, general slow market those last days so don't expect it to go back to the lower support but just my opinion.
Good analysis!
We got a 4hour close above $8600 which could signal further move to the upside. Hopefully it can follow through.
Your post is inspirational to me
Good analysis!