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RE: $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #65, "Oblivion?" Oct. 05, 2016.
COMMENT
Very cheap, really dunno what that uptrend is waiting for,
Potential downtrend targets:
~0.0006 and ~0.00055-53
On the uptrend targets I'd first like to see the 0.0007 being broken, and a touch to ~0.00078.
Could it be waiting for whales to stop powering down?
Should other users follow lead of whales and start doing diversification?
I am looking at this channel. Looks like that is the likely direction (down).