STEEM
looks like it's in state of indecision while the whale watching on sideway again. Candles consolidating within the possible triangle or channel bottom around 1.33 zone which is also one of the multiple touch point low. As mentioned, possible ladder entry around this level. As usual, waiting for big brother movement while it test the 7800 resistance.
Short term moving average : crossover, confuse
RSI : -
SBD/STEEM : 0.884
Weekly Timeframe : downtrend, MA gap closing in, candle possible inverted hammer pattern.
Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.
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Hi,
I am surprised to see STEEM down and BTC up for the last 24 hours. Normally Steem follow the price action the same day as BTC.
Why this opposite price action?
most of the altcoins have been bleeding the past few days since the spike of btc. money flowing out from altcoin to btc because of the %gain. Just break 8000 today, probably more bleeding in alt
Your analysis good
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