Steem may go for a Cypher Pattern (Hourly Chart)
There is a very good possibility that there will be a Cypher pattern in Steem market in the following day or next day. I just found this possible pattern a few minutes ago, so I thought it would be good to share my views on steem chart. According to the pattern it will go upto 0.000185000 BTC and will go down 0.000152000 BTC. Also there is a huge resistance level at 0.000185000 and after touching the resistance level it may go to the lowest level of 0.000152000 BTC and may result in Cypher pattern.
It may result in a very good opportunity for traders to short/sell seem at 18500 satoshi and buy it at 15200. It will be around 10-17% profit.
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I don't know if you can short STEEM...but saying that ~15,000 is a buying opportunity - that gibes with my call of a bottom. I may be wrong - I've been wrong before - but the longer-term chart shows that the backbone-scraping decline has halted.
FWIW, I've backed up my own call by adding a few hundred $' worth of Estimated Account Value to my own holdings. Powered-up, of course. :)
Great! We all want to see steemit grow along with making some money with it while trading steem.
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Thank you :)
great analysis :)
Thank you! I hope for it :)
Could be. Clear five waves.
Will be doing so ! Been hoarding STEEM lately !