Is this the bottom?steemCreated with Sketch.

in steem •  11 months ago

Steem getting absolutely slaughtered last few days.

Fortunately, it's not just steem as the entire cryptocurrency market is getting rocked, well except for bitcoin.

I am seeing a bullish engulfing reversal candle when looking at an hourly chart.

Is this some light at the end of the tunnel?

Does this hold do we think?

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This is as low as it has been for a few months now. I am hoping for a bit of a bounce back on Tuesday when business resumes as usual.

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What changes tomorrow vs. today?

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Today was a holiday in the US and Canada. Not that it really matters, but lately it seems like weekends have been bad and this was a long one.

Literally just got my steem account today and have been researching cryptocurrencies for the last few weeks...so I hope it rebounds! Not sure where I've been the last few years (under a rock, apparently), but cryptocurrencies are fascinating to me. It's best to enter the market at the lowest point...right? Lol.

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Yes, good time to buy some steem for sure. Think most of the selling is due to people wanting to get into bitcoin.