Market Update on Steem/USD 4/15/2018

I'm seeing a lot of 'technical opinions' on where these 'analysts' think the price of cryptos are going next. Maybe I should call them 'technical opinionists' because that is about all they are. They know how to do some charting, maybe they saw a bunch of videos, maybe even read a book, and now they are experts...my gosh, they don't even know how to read their own charts!

Okay, tossing that cookie out there this morning for those out there reading this. So what we have now is price action forming a range which is a lot like Goldilocks looking for that 'just right' bed to sleep in. This happens because people need to sleep and they don't want the market to set their bed on fire so risk capital is coming off the table. Look at the volume...the weak hands want to take chips off the table and the big money knows it so they are waiting.

Drilling down to a 3m chart we see sellers Steem tokens being snapped-up immediately at this level. There is a very large 'buy limit' at this price eating everything in sight. Selling volume is falling so either this 'block' is going to let price fall to scare more people into selling, or it's going to push price up to see if it can entice sellers that way. Should get interesting here. The immediate upside target is still 2.942 and your time window is one week.