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RE: $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #7 "The calm before the storm'" 06/08/16

in #steem8 years ago

COMMENT
The price still being in the accumulation area but as well still having low volume, and milder and milder price moves, I expect some action in the near future, it seems everyone who wanted to get out got out and now the market is only absorbing daily dumps from blogging rewards etc.
We should see some slow increase in volume over the next couple days followed by a stronger move.
Hopefully upwards, but there still is chance that we might break down lower in order of more accumulation.

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