STEEM - Double Bottom done - bounce
Hello all,
As I was explaining you yesterday, after the break of the support line in red, our last chance was the support line from the previous bottom in orange. And that line did her job as expected :
That support line in orange helped us to make the bounce which breaks the resistance line in red (previous support line). Now to validate the bounce, we need to stay upper of that line in red during the coming hours and continue the UP move.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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Great analysis! I am always happy to see Steem do well. Steem has been in an uptrend on the 1-Day charts against BTC for a few months now and I am expecting a serious uptrend from here.
Looking good for some support, although I wouldn’t mind a continued sell off. I’ve been enjoying these fire sale prices and could keep buying if prices dropped further from here. Thanks for the update!
Thanks for your analysis and abstract guidance. wishing you the best.
Appreciate the TA.
Given that the crypto markets are so new, and most people just think BTC when they think crypto and/or invest in one of the 4 coins on Coinbase, aren't most of the trends following or countering BTC anyway?
From what I've seen, money floods in and out of the alts based on what BTC is doing.
In your opinion, based on that, is it useful to just look at charts for single altcoins?
In an isolated stock, info like double bottoms is super useful, but it seems to be less so with altcoins because of the weight BTC has on the overall market.
Curious on your thoughts.
great work
Thank you for your post and thanks for your analysis @cryptopassion
I'm thankful for your info and you explained it well, hope for strong bounce and waiting for that....
Okay steem go ahead and bounce up to $10 please. Xrp you bounce down to $0.10 for a while and then we'll be good to load up.
Great advice @cryptopassion thanks for sharing this information. The wonderful world of cryptocurrency is a forever learning journey.
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