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RE: Market Snapshot - May 1st 2018
Bitcoin continues on its trading range and the $9000 support seems to keep the value to go further down so far as seen on the 4hr chart.
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EOS had a big correction after days going strongly up and reachint All Time Highs. The report released by Multicon Capital may have had some influence in that run. I expect uptrend to resume after this correction.
Finally, STEEM seems to have fallen below the uptrending channel according to the STEEM/USD chart but that is due to BTC last night devaluation. If we check STEEM/BTC chart we can see the price is still inside the uptrending channel. Expecting market reversal during the day.
Yes, I can see that, in BTC, STEEM is doing relatively well. It's the low volume that's a bit worrying, but it may also be "the silence before the storm".
Low volume may be an indicator big players are just waiting for downtrend exhaust to jump in again and making money shorting. We will have to wait to see.