Market Update on Steem 9/16/2018

Alrighty...this is what I am seeing. Current price action suggests that we will see a pennant or flag develop this week taking us back to the 92 cent level (around there) most likely in a choppy fashion. This is not saying we will be going on a bullish run, it just means that whoever the biggies are that having been selling the snot out of this token don't want to sell it down here but want to see price recover a bit before they hit the plunger again.

A drill-down to a 15m chart is not confirming this TA...yet. We have to see impulsive selling come to a halt at least temporarily if we are to see price rise. There are only 3 kinds of people left holding steem. 1) The Early Miners of the token 2) The Early users of the Steem platform 3) The late crazy people who bought at $8 and are trapped.