STEEM - Still inside the long term triangle - New mini triangle created
Hello all,
We are still stucked inside the long term triangle, waiting for a break out before the APEX (intersection of the 2 lines) :
Now look that second chart :
We are creating a new smaller triangle inside the long term triangle. As you know all now, each triangle gives a break out in one direction which is always very hard to predict.
- If we have a UP break out (green arrow) from that smaller triangle, it could help us to go test the resistance line (upper line) of the big triangle.
- If we doing a DOWN break out, it is really a bad news because it will start also the break out of the main triangle as we will break the 2 triangles in the same time...
Stay careful and hope a UP break out from that mini triangle or we have a high risk to break the major support line that we are using since months now.
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.
Version française ici : [FR] STEEM - Toujours à l'intérieur de notre triangle long terme - Nouveau mini triangle en formation
Can I take this picture of yours and use it in a few days or weeks in my blog?
Sure, just mention it is coming from here ;)
of course ;-)
nice post dude. my upvote power will be back tommorow evening.
Welcome back amiramnoam. I hope we will be able to work together ;)
We are a fledgling community hoping to bring social media with integrity and blockchain technology to the world. As early adopters, many of us have been throwing ourselves into this new platform with vigor and gusto in the hope of earning rewards that both demonstrate the paradigm shift in incentives to a wider audience and give us the potential for a larger stake in the network we hope will continue to flourish.
I have no doubt that Steem is a very nice technology but technology and trading is different my friend
Take a look at the stats guys:https://steemit.com.cutestat.com/
We have 488,226 unique visitors
3,905,808 page views and 2094 Alexa Rank at the time of tryping this.
Disdain for the silicon valley social media companies will drive people in. We can't compete with Fakebook yet. But we have made blogger completely obsolete. We are also better than reddit.
I don't know what the dumb n quick twitter,Insa,SNAP crowds would think about steemit. But I'm sure we still have far to go. We might get attention from linkedin crowd to post their articles.
I know each day Steem via Steemit, Busy, ... is growing and growing but sometimes it is not reflect in the trade charts so stay carefull my friend and for sure me also I wish the best to Steem. I invested a nice amount of my money in it;
Better than reddit , not yet, hopefully one day but thier user base is larger and content is very good
Spending way too much time at the bottom of the triangle for my liking...
Hehe Well, I'm fully agree with you but what can we do...
But I already saw in the past this kind of pattern, stucked on a resistance line, not able to go lower and sometimes it is a good sign for a huge up but yeah who knows...
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by CryptoPassion from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
I think it will come up. I won't predict when though
Really liking your analysis... Following
Yes, this is key support. If it fails here (and boy is is trying too) then we are looking at .75 area for some support and then look out below!
Not looking good as of this moment:
