Market Update on Steem/USD 4/14/2018
The run to 2.68 was pleasant and refreshing and where we are now is what looks like a very normal consolidation decision range. The contracting flat that has formed should take us back to 2.51 in the short term then back down to 2.35 before taking the next shot to the upside. This is not a guarantee but it has a very high probability. We don't want to see price structure get more complex than that because that would infer that this decision range is more important than any of us want it to be.
Drilling down to a 3m chart the internals on the current condition of price looks very temporary. Think of it as a sort of intermission or time-out. Based on tempo analysis, look for the next larger move in 10 hours.
Yup, textbook move here
Beware of over the counter sales of BTC to big business. Circle investing and the Winklesvoss twins are selling bitcoin by the billions and the volume doesn't show on exchanges! There alot going on in the undercurrent....
13F report showed Rothchilds, Rockefellers, and Soros is now buying Cryptos which means their minions are also buying. This is a double-edged sword.
It is a good thing, so much more money flowing in eventually, although they may short it before pumping. But the pump should be spectacular
https://www.youtube.com/paulbegley34