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RE: Market Update: STEEM (STEEM/BTC) - Are Steemians gonna be rich?
What tell you this? More volume more dump and more pump to come no?
What tell you this? More volume more dump and more pump to come no?
IDK, but STEEM/BTC and STEEM/USD are in no bull flag.
This is just in the short-term
This chart posted doesn't encompass the long-term trend
Such in the short term that it lacks the true perspective that shows that it is not a bull flag.
If your only given information was this picture (no knowledge of price history), would you say it looks bullish or bearish?
In this case, it's a bull flag, and this is why day trading is wrong.
Im not a believer in "technical analysis" despite I heard about and witnessed its success.
I agree day trading is very difficult/dangerous. Fundamentally, Steem should be seeing some nice upside long-term. On the Daily chart, we want this box to hold support.