Steem may have a bull run soon
On March 28, I published a post that states 'Steem/BTC price has been nicely holding at the 0.00020-0.00021 BTC support level for about 10 days'. Today is April 2, which means Steem has been holding at this support level for 2 weeks. It looks like that Steem is ready to break the resistance and have a bull run.
It is also very encouraging to find that RSI is showing an uptrend in the recent two weeks. Note that RSI has been in a downtrend since price drop from late January/early February. This RSI trend reversal could be a very positive sign for an upcoming bull run.
Let's keep watching if Steem is able to break the 0.00023-0.00024 BTC resistance level. If yes, a bull run is expected. Otherwise, we will probably have to hold at this support level for a longer time.
An assumption of this bull run prediction is that bitcoin does not crash. Otherwise, ignore this post.
Personal opinion, not financial advice.
yeah man bull is start and reachecd to 1.70$ now
yeah, bull run!
Always pleased to see technical analysis supporting my macro-economic assumption. Thumbs up!
Thank you!
Oh yeah, bring on the bulls bro :D
Hi @softmetal
Excellent article. I subscribed to your blog. I will follow your news.
I will be grateful if you subscribe to my blog @user2627
Good luck to you!