Parabolic SHORT opportunity presenting itself on $STEEMUSD as evidenced by the DBL bottom/volume/KC/BB/volume surge & otherwise.

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TP1 & 2 + STOP listed below

(TradingView Link/Publication) as well here: https://www.tradingview.com/chart/STEEMUSD/ud0byfql-DBL-bottom-STEEMUSD-confirmed-with-BB-KC-FIBO-VOLUME/

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Perhaps due to the recent rumors/news about Libra getting cold feet? For if LIBRA were to fall apart; that would leave STEEMIT the leading social media decentralized platform on the blockchain, as it has the most user-base & a solid roadmap after their scorched earth clean house -- whaever they did worked as they are rapidly progressing and satisfying their roadmap in stark contrast to the previous devs who literally kept the platform in BETA for half a decade.

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So if I had to guess as to what's causing the bullish signal on $STEEMUSD it'd probably be the recent news about LIBRA/VISA backing down, though the technical indicators seem to support a bullish outlook regardless; whatever the reason may be, it's a good time for entry.

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When in doubt, zoom out & in doing so it paints a pretty ugly picture for the outlook of $BTCUSD as we are most definitely due for a huge parabolic surge but it's going to get worse before it gets better...

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You know the cliche, "things get the darkest before dawn" and in the case of BTCUSD priceaction it does appear that way.

IMHO we're in for another 2-3 selloffs before a retrace/consolidation & reversal.

IN THE MEANTIME: I can definitely see altseason on the horizon with plenty of undersold & undervalued alts leveling out before BTC crosses 10.2k R again.

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HENCE, my recommendation would be to stick to short positions until we get out of this bear trap. There's plenty of money to be made -- both in USD & esp . in pairing against BTC (which I would not advise unless you really know what you're doing for i do not recommend novices attempt to play around with pairings unless they don't care if they lose their investments) as it took me a lot of trial/error and thousands of $$ lost over 2015-2016 before I could effectively establish a rhythm for pairing other tokens/coins against BTC & turn a profit even in bear markets (which I really honed my skills at during Cryptowinter) though I digress.

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• TP:1 0.1508

• TP2: 0.1588

• Stop: 0.1360

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Disclaimer:
Not financial advise; please trade responsibly. Always set stop-losses! DON"T FOMO/FUD

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Twitter/Linkdeln/StockTwits/TradingView:
-@a1mtarabichi

STEEMIT:
-@crypt0w1zmt