STEEM Technical Analysis: IS THIS A BUYING OPPORTUNITY?

in #cryptocurrency6 years ago

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STEEM has been getting slaughtered over the last week. It's reaching a key demand zone between 11,000 and 9,800 satoshi. While there are some signs price may be nearing bottom, we all know STEEM (like all altcoins) is tied to bitcoin.

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In today's video analysis, I discuss price movement over the next week, how I plan to trade, where the bottom may be and MUCH more. I hope you find it helpful.

Video Analysis:

If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or TIMM (https://mentormarket.io/profile/@workin2005?aff_id=Workin2005) in order to watch.

BIAS:

Short Term: Bearish
Longterm: Bullish

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!

Workin

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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005


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by Workin2005


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I like steem a lot, its exceptional and revolutionary project, imagine for example to be adopted by a global news paper, or even better in twitter or facebook....this could be HUGE!!! BUT I am afraid that its gonna follow the market sentiment, so better accumulate here slowly and be more aggressive when market finds a bottom

I agree...It's got great potential. Once this market turns around, STEEM should do very well.

I only imagined seeing these prices when I first started on the platform! I thought those who bought down here were geniuses so I am continuing my dollar cost average strategy although I may slow it down going forward as I have reached some of my goals on my original plan ahead of time given the price drop.

Makes me smile to hear you HAVE A PLAN. I can't tell you how many people just ask if they should buy/sell....but have no idea what to do after they buy or sell. I'm pacing myself as well. STEEM is just one of many coins I'm interested in at the moment.

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