STEEM - Bounce still in progress - Sitting on the long term support line

in #steem4 years ago

Hello all,

The Bounce is still in progress on the STEEM like on other cryptos :

STEEMUSD.jpg

We need now to stay upper of that resistance line and use it to continue the bounce. I drawn you which kind of move we can expect if the bounce scenario is confirmed.

Any serious break of the red line will invalidate our scenario of double bottom and bounce. Let's see what will happen the current hours and how the master (BITCOIN) will impact the STEEM and other cryptos.

I wish you massive profits,
Cryptopassion.io

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I am hoping the floor is in for now

you are absolutely right steem is stable. it will rise in the mid of this mont

Master coin BTC is in a rise from yesterday. If it continues to rise it will clearly put impacts on steem and sbd. They are directly proportional with each other. But BTC is still not stable . I hope it rises more and more.

Been buying and powering up for quite a few days now! I want to keep buying on the cheap!! Trying to get to 10,000 SP!! Got +2,500!!

I just had this thought... Since the it appears the value of STEEM seems to follow the market cap closely.. am I wrong to theorize that the upcoming massive STEEM Power Down on Tuesday as reported by @me-tarzan could be used to boost the value of STEEM when the whales who powered down their STEEM start trading it on the market? Does that increase the market cap? Or am I just plain wrong?

Very optimistic, but thanks

So.... What exactly is influencing the value... what causes the extreme volatility?

That is something I feel I could use an answer to..

yes coin market prise is very low

I'm buying up Steem once a week to average in.

I see Steem as another long term coin that will hold value and has an excellent use case.

Thank you for providing this update.

JGV

I hope steem.bounces back soon :)!! Thank for sharing.

Always "High Hopes" I am fully hopeful for the bounce back of market.
Steem on!

Crypto is tha feature of life ......

I hope sbd grow :( btw thanks for sharing c:

The rise would be infinite!

time to load more SBD, my view - #here

Guys join Aethia its about to take off in 2 days and will be worth some money as soon as it does! THEE NEXT CRYPTOKITTIES
https://aethia.co/welcome/fhZdsMrZWm7AW9iwPRMas2FiIu0bOfX7

Thanks for sharing, it's very useful. Hope it will steadily bounce back to where the higher it was.

We hope that it goes up

Since it tested support line severally, I pray to break resistant line and continue on bullish, am optimistics on Steem .

posstingan nice, i've upvote you, do not forget my upvote @azhariari

I think we should try to forecast the cryptocurrency on the activity of flashes in the Sun

Lets hope things go well. We can only wait and see.

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Merci pour tes analyses @cryptopassion est-ce que tu pourrai prendre contact avec moi stp ?
Facebook : Crypto Confiance :) @Bientôt

Thanks for your post, when I read what you wrote into a science for me. You are very helpful post steemians morning that we be careful in accessing steemit. ataa science thank you gave @cryptopassion

resteem done and upvoted

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