Descending wedge should break in the 3 coming days
I can clearly see that if the current price recovers today above 4800 satoshis level, tomorrow above 4600 satoshis or the day after above 4450 satoshis it is very likely that this descending wedge will be done. As a steemian myself I really hope for recovery and as previously seen the steem ecosystem is also fueled by what top currencies do while reacting on big market changes and this time should not be an exception. I'm currently trying to get on hold of the lasts chances to get #steem cheap while more and more chances that a new move will likely happen in the coming days.
Trading view image and the following post idea here
Posts that might interest you
- Which token should I chart and trade?
- #DOGE need to recover weekly level and then move up
- #Litecoin #LTC analysis
- Thoughts on steemit, projects and communities
@raserrano - Developer
 | @kedjom-keku | Conservation Association |
 | @treeplanter | Fund-raising upvoting bot |
 | @forestfriendly | Water Saving bees |
As hopeful as I want to be, I'm not seeing where the bottom of this lands. Price has gone lower than previous historical lows so not too encouraged.
Posted using Partiko Android
As a matter of fact I was just recently wondering how much would I have if the price was near $5 or even $10 bit anyways it was good old times not sure if they could happen again, not sure if #BTC is either making it past $10k or could it possibly touch the $20k levels again
Posted using Partiko Android
Yeah I agree but I just hope that the wedge is break towards the upper trend and a very good recover from that will be then triggered following all the positive green news on top cryptos.
Posted using Partiko Android
Hi @raserrano!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.985 which ranks you at #3553 across all Steem accounts.
Your rank has dropped 8 places in the last three days (old rank 3545).
In our last Algorithmic Curation Round, consisting of 385 contributions, your post is ranked at #314.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server