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RE: $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #13 "Testing new grounds" Aug 12, 2016
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The price is in serious danger of further downtrend and making of new all time lows on Poloniex.
In that scenario I'd assume once again Bittrex support levels would be used since Poloniex doesn't have the necessary history, which means first stop should be around ~0.0022BTC, the next being ~0.0020BTC after which there is none till ~0.0015BTC.
Not everything is so red thou, this are very low levels for Poloniex and the price has a fair to a decent chance to make a sudden turn in trend and turn this situation into a green festival.
the future is in the new currency DT token for your system, it is worth investing, currency leads from the June 25 outstanding, and has already galvanized 80% right now is downward, waiting for the boom to raise the price.
Unfortunately, TA is isn't very helpful with Steem right now. The fundamentals don't care about pretty lines on a chart.
Some people use TA, some don't, it's helpful if you know how to use it.
@furion In trading every advantage counts and TA is an definitely an advantage if you know how to use it.
thanks for update
In reality these lower prices are good for better distribution of steem on the exchanges, and will allow the opportunity for new people to become whales. This can allow for the rewarding of new topics of conversation more. While it isn't great for traders, it isn't bad for STEEM or Steemit!