Crypto Chart September Review I / STEEM && BTC
Peace,
I hope you are doing well this morning. The price of the token presented below on the weekly chart is a brief description of the token history on the crypto market. It is important to never invest more than you can afford to lose. The opinions given in this article are only for educational purposes. Please I recommend readers to conduct thorough research on the crypto you are targetting before any action in this volatile market.
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The price on the weekly chart shows the evolution of STEEM tokens against Bitcoin on candles that represent the weekly cumulation of the prices. The prices of STEEM have stayed constant for the past three weeks. However, Steem prices are decreasing since the beginning of September 2021. Its price is located as I am writing this article around 1304 Satoshi. The red lines represent resistance lines that confirm or reject the token value trending. The red candles are moving further down away from the upper line meaning the diminishing confidence in the possible return in a green candle. It appears that Steem value is holding its downtrend tendance since the beginning of September 2021. The moving average curve lines are very close on the chart. It indicates a possible change in the prices at any time from now. I expect the market will react and prove me wrong otherwise, hold your bag of STEEM if the prices dive.
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Warm regards
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Now through Septeber 12th we will be accepting 0.25 - 0.75 bids. I want to try out if the bidding rounds work and hold profitability with different bid sizes. Feel free to send in bids of anysize between those ranges.
Please note... We can not control the profit margin of these, On sunday we will decide togeather if we want the rounds to stay at a set price, or a bidding range.