Hey guys, the week is over and it is time to summarize the charts for both Bitcoin and Steem. Lets begin with the daily chart for Bitcoin:

Comment: Bitcoin didnt move much today, it went down about 1% and at the moment it does look like we could form a potential bull flag but it remains to been seen. The target for tomorrow should be 6550 if we want to follow the ascending trendline.

Now, lets have a look at the weekly chart:

Comment: On the weekly chart we finally got a green candlestick for Bitcoin. It does look like we have begun a breakout from the weekly bullish pennant, but it is not completed so we will have to wait and see what happens this week. We can still go down to 6000 and get support but we need to close the week above 6600 in order to get that breakout.

Now, lets move over to Steem. As you might be aware of, Steem had a tremendous day yesterday and here is the daily chart for Sunday:

Comment: As you can see, Steem lost its momentum today, not too surprising but it still managed to close 2% up but we were up about 10 at most earlier today. We might take a breather tomorrow and perhaps for a bull flag here as well. The best news we had today was that the volume was even higher than yesterday (on Bittrex) so that bodes well for a continuation of this move into next week. The target for Monday will be 1.78.

Finally, lets have a look at the weekly chart for Steem:

Comment: Steem rose 25% during the week and we formed an engulfing candlestick for the week. That is a positive sign and we are now above the important weekly descending trendline. In terms of the weekly target, we want a weekly close above 2 USD.

Happy trading folks!