STEEM - Support line is holding the drop

in #steem3 years ago

Hello all,

Yesterday, I was showing you that long time support line in yellow :

STEEMUSD1.jpg

Here is the current chart :

STEEMUSD.jpg

So as expected our support line in yellow holded the drop and helped us to make a bounce. However the bounce stopped at the resistance line in Blue and we are now dropping again in direction of the support line.

I really think that the BTC will give us the direction that the STEEM will take. If we break the support line on the BTC, I think we will break it here also... It is sad to be influenced s much by the Bitcoin, but we cannot ignore it if we want make good analysis on alt coins.

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.

BARRE STEEMIT.jpg

Interested to trade your cryptos like a Pro ?
As a trader, I recommend you the trading platform Bitfinex
10% discount on your trading fees for 1 month via this link !

BARRE STEEMIT.jpg

You prefer simply exchange your crypto with the lowest fee possible ?
With my daily exchanges of cryptos, I can recommend you the platform Binance

BARRE STEEMIT.jpg

CryptoPassion-Bannière.jpg

BARRE STEEMIT.jpg

Sort:  

Good info , Buying opportunity is now I think

Ugh, as much as the support line is currently holding, if bitcoin drops, the support line will most definitely break as well. Fuck bitcoin.

Steem broke my line in the sand at $2.33, we may go down to as low as $1.00, but agree Bitcoin will not only determine Steem's direction but the whole space.

I’m thinking $0.90-$1.50 range. If it holds these low levels for a few months I’ll be buying the whole time and will acquire more Steem Power than I thought was originally possible when I first started to invest in SP.

Good strategy because we are low on the curve, meaning price is inexpensive and this is what the big boys do, they buy low and sell high. If you are in it long term HODL, if you are just trading price you should have a target and stop less in mind.

In this moments I feel like the cat!!

I think it's normal, so it's just rippling

Hello @cryptopassion, I really love your updates but someone ask me why steem value is going down. What shld be my response

Very good topic friend greetings from venezuela I follow and vote

^--- You made this exact same comment at least 11 times in the last couple hours. View these duplicate comments

Upvote this comment to support @duplibot and help reduce spam and superfluous comments.

very interesting, hope the up line starts soon, but if it doesn't i'm not worried as maybe this is the best time to buy as there is bargains out there

Very good article u have posts

Well it appears to be holding but!

Silence before the storm 🤔

Thank you for this post <3 I can get so much info 👍👍👍

Creo que siempre se agradece este tipo de información y escrito de forma sencilla y entendible. Obviamente, somos nosotros los que debemos tomar las decisiones que creamos convenientes, pero si estamos mejor orientados, vamos menos ciegos y con más armas. Gracias

Congratulations @cryptopassion, this post is the eighth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 44 and the total pending payments to posts in these categories was $2460.80. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.