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RE: Submit a Story $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #20 "Every action has a reaction" Aug 19, 2016
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The price seems to show bullish signs again, a new higher low and a new swing low are both nice indications towards a slow but steady uptrend.
I expect some more volume and volatility as time goes by. IMHO the price should be trading along the accumulation levels for some time now before making a strong and solid move upwards.
The downtrend possibility still exists although it becomes less likely with each passing day for me.
Yeah I think your right about the accumulation. I assumed upper 190's by this weeks end, but since its holding strong around the 250 range, this might be where it hangs out for awhile. I almost think bullish is too much though as I doubt we will see that 300 range anytime soon unless some mass influx of users join.
Great analysis! upvoted as always
Thanks for the support and the constructive comment @generation.easy