STEEM update 24.10.17

ew-and-patterns (70)in #steem • 9 years ago

I've spotted a bearish pattern in STEEM again. It it called ZigZag correction and in a downtrend this is a bearsh pattern.

This pattern will be invalidated above 19600 satoshi and above 21200 satoshi STEEM is likely to start a new uptrend.

But for now I expect a new low in the coming days.

Actually the wave structure right now suggests a final panic low between 14000 and 10000 satoshi. A dump to the the alltime low is now less likely than in my last update from an elliott wave perspective.

I will post an update when the downside or the upside is confirmed... Stay tuned.

If you think this to be useful information:

DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
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.

Tell me what you think...

Have a nice day :-)

#crypto #steemit #money #cryptocurrency

9 years ago in #steem by ew-and-patterns (70)

$17.02

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jakeworkingman (40) 9 years ago

@ew-and-patterns Do not give away your sources if anyone wants to validate what this man/women ( no offense I don't know you ) you need to do the research and put in the countless hours this person has put in to come to this conclusion , now that's outta the way , A couple ??ss if you don't mind ,

Im curious to know if you have heard anything about bitcoin ? I have done some digging and have reason to believe that bitcoin is going to drop down to the mid $2000 or so before it really takes its major jump past even this historic high .
Also I also have done some homework on certain crypto that will soon be used on a wide scale at airports , parking meters , and other ventures that are sure to drive values up , which coins will be used or favored most is still up in the air in my opinion but if you are familiar with anything I am talking about I would value your input , based on the content that you have produced your opinions and info is accurate , I respect your hard work and appreciate you sharing it with us fellow steemians steeemonnnnnnn thanks again
u got my upvote/resteem and follow looking forward to hearing from you soon and reading some more content ...

$0.22

1 vote

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ew-and-patterns (70) 9 years ago (edited)

If wave 5 in BTC ends between 7000$ and 9000$, this could easily happen afterwards.
No clue what you are talking about. I usually don't inform myself about specific coins unless there is a reason to. All I am interested in is waves and volume. If you can explain more on this topic, I can look into it.
Thank you for yoour support ;-)

$1.98

1 vote

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cryptoctopus (74) 9 years ago

Yep. That's why I am sitting in USD, getting ready to buy it at the bottom of the trend. Large operators are on a campaign to lower the price just before the next big rally.

$0.11

2 votes

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