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RE: $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #66, "Now on the verge,,," Oct. 06, 2016.

in #steem8 years ago

COMMENT
Looks like there is nearly to no interest by most of the people to dump at these low levels, Although the price is still in a downtrend only the big dumps seem to be making any movement.
We can see how the volatility is gradually decreasing over time, now leading to a total flat out.
IMHO this screams for a nice bounce, there seems to be low downwards pressure from the overall market, just here and there some big hand dumping.

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We are in a clear downward channel currently. I would wait for a breakout out of this channel before buying.

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