Who Let The Bears 🐻 Out?

steemnationceo (53)in #steemit • 6 years ago

Crypto has been taking a beating lately and tonight I will be keeping a close eye on steem throughout the night. I started monitoring it around 8:30 pm I have charts and times below but first and foremost RESTEEM THIS POST TO EARN 0.01 STEEM! I hope you enjoy this post !

8:30 pm / 2030

As you can see steem is trying to bounce back, I put a trend, main support, short support and resistance lines on the chart to see how the night plays out. Not a bad bounce for steem to start the night.

11:00 pm / 2300

Dipping again but looks to be somewhat holding some kind of composure. As long as we stay above the 0.4472 line, steem should steady out.

12:30 am / 0030

So we broke through the 0.4472 line, turning that into a new resistance line, adding to the layers of resistance. STEEM has a battle ahead 🤞🏼I took the trend line out do to the fact it’ll disappear fairly soon without being touched. Next up will be 2:30.

Bitcoin chart looks like we’re twinning

STEEM follows #bitcoin #btc to a tee on MOST occasions, usually one of the only crypto’s that literally mirror bitcoin. So if btc moons we moon, if btc dumps we dump unfortunately. Ok back to steem below ⤵️

2:30am / 0230

This will be the last hourly update on the steem price, it’s still going down lol I wish I was sleeping. Let’s look at the 1 year steem and btc chart and compare shall we.

In a very short and to the point explanation, once again steem follows bitcoin to a tee. Just #HODL and accumulate steem, you won’t regret it 😉