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RE: Steem Creates Double Bottom - is This a Buy Signal?
I'm also not entirely sure that traditional chartist tools will always work with a price for an asset that accumulates; in that a flat price could still see an increase in market cap. It was a reaction to the Buy! Buy! Buy! slogans.
I used to teach maths to market traders in the City - quite a few years ago - that was fun!
Price patterns aren't totally reliable, I agree. I just wanted to give you a quick assessment without going too much in depth. I have reservations about the Steemit token, particularly its tendency to dilute its users with issuance and the attempt to correct this with a reverse-split.
Guess we'll see what happens.