The BTC SegWit2x Countdown and a Question about STEEM

Coin Telegraph

GOOD MORNING STEEMIT!

I hope your weekend was as lovely as mine! :)

But all good things must come to an end and I'm now back at the desk on Monday morning in Sydney, raring to go for another massive week in crypto. We're now just 10 days away from the SegWit2x split which seems like it has been drawn out forever:

$7,000 Bitcoin sure wasn't a thing for too long, was it? I really don't know what else to say about the Bitcoin chart as SegWit approaches, other than THIS IS FUCKING RIDICULOUS!!:

BTC/USD

I've drawn the pullback levels basically hovering around where price broke out through each round number. Psychological levels are so important and gain extra significance in pure speculative markets such as Bitcoin. They're going to be hugely important when it comes to managing your risk into SegWit, so take note.

Sure in the midst of this Bitcoin rally, alts have suffered. There's no denying this fact. But in check out the price action in STEEM for example:

STEEM/USD Daily

It really isn't THAT bad.

While price has drifted below the $1.00 psych level, all of the major support levels just below have still held up and I think that the fact price has simply drifted lower rather than lurching downward, is actually a good sign.

Accumulation type price action rather than the coin being dumped? Well, something to think about to start the week.

Peace!

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