STEEM update 25.11.17
I feel like telling you this for the 20th time this year, but here again is another chance of finally having found a bottom in STEEM.
To be honest with you, I seriously doubt, that it is in fact the bottom. Why?
Because I would like to see a blow off bottom. A high volume low which gets reversed instantly, starting a new impulse. A rocket like candle stick starting from the lowest point of the chart would certainly attract some new buyers.
But for now here is the most recent development:
It could be the black route, that I predicted in my last post:
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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. Please conduct your own due diligence, if you plan to copy anyones investment decisions.
If you make any trades or investments 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.
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Have a nice day :-)
I'd be great for all of us if STEEM went for a cup&handle. None of us are stupid enough to not HODL and during the extra time we'd get more profit from other trades and slowly build up STEEM positions until the prices shoot to the moon.
Cup&handle tend to make some massive spikes. I'm still a TA noob but close to $4 in 6 months and $10+ in 2 years seem very likely.
You better analyse STEEM/USD chart. The Bitcoin run is so huge. No crypto is able to follow btc.
I think STEEM is independent enough crypto so it should be analysed vs dollars.
i think you are a good analyser
Bitshares
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Thanks for sharing your information. I like your information. Thanks again. @ew-and-patterns
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