Time To Accumulate Steem? Bullish Setup In The Making (Steem Price Prediction)
Steem has been doing pretty well for the last couple of days against Bitcoin. Yesterday it rose almost 6% and we are making higher highs. However, it is the long term chart that is most interesting to look at and in the month of October Steem had its first green month against Bitcoin in 6 months and it does look like this could continue going up. Also, Steem is inside of a bullish falling wedge formation and if we will get a breakout above resistance that could be very powerful. Therefore, accumulate more Steem now could be very lucrative for the long term if you believe in Steem.
Yes you might be right. I believe there will be a very bullish scenario for most coins in 2020 considering expected fiat money crisis in the year 2020. Especially solid projects like Steemit.
Yeah, the fiat money crisis could potentially begin in Europe next year. If so, cryptos are a great hedge against that.