Something interesting about the last few days of STEEM trading..

in #steem6 years ago

I have been following the STEEM price closely for quite some time now. Usually it's just normal ups and down, STEEM is pretty volatile, nothing unusual about that..

Of course, STEEM price is also connected to the Bitcoin price, and Bitcoin has had some difficult weeks. STEEM held strong most of the time, but had to surrender a few days ago.... Here is where it becomes interesting.. Take a look at the chart from the last three days of trading:
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Check out the volume when the price is beginning to hit its low... That's what I call accumulation!! Lot's of big sells...but also big buys!!
It suddenly becomes very clear why STEEM has managed to bounce back to around $3.20 so quickly... Way oversold, and STEEM under $3 is ridiculous, just look at the potential..
It's worth mentioning that volume is still rising!

This is the time to buy STEEM, or at least hold.... Only fools sell under $3... Just my opinion!




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I may have to transfer some of my funds and profits into Steem. It seems like it will have quick gains and it looks great for the long term.

Don't count on quick gains...but in the long run it might be a fantastic investment

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