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RE: $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #68, "Be my lil rock'n'roll coin" Oct. 08, 2016.
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Seems the price is still in a downtrend, although the volatility is getting lower and lower, there are still 3 more possible targets below the certain price that could be used as the ultimate bottom, the ~0.00053, 0.00045 and the 0.000332 support lines.
I see a fair chance of the price making a bottom here, but I don't wanna give it too much of attention as I have seen in the past few day's that the price is showing no mercy on the down moves.
My strategy for now is holding what I have bought so far and slowly embracing the position as I wait out for the trend change.
You are right. We are still in a channel.
Is the blood flowing yet?
I got in too soon, but it's better than too late. Trying to pick bottoms just leaves you with stinky fingers. :)
"The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phil Fisher
Why do you think the price keeps falling?
probably cos the whales keep powering down and selling, + probably the new payouts system where authors do get a % of the payout in steem aswell has an impact on the market