Steem reached the first level of purchase, predicted by me 27 days ago (33k)
In this post I planned for myself three entry points:
I will buy at all three designated levels: 33к, 24к, 12к.
But now I did not have free BTC to buy Steem (other crypto invests), and I revised a little my first goal. In my opinion, Steem can still decline, let's take a look at the 4H chart (log scale):
https://www.tradingview.com/x/PaIZCQeO/
- Important support 40k passed
- We in the falling channel (still)
- 0,236 Fibo сoincides with the lower channel support
So, I'm waiting for the price in the green ellipse on the chart. And I have to sell something, maybe BAT, to buy Steem.
Successful trades to all Steem traders!))
Crazy accumulation showing there. Let's see how far down lucky buyers get to see price go because when it pops, I think it's going to be huge.
Cheers
You are very observant, yes it is, and the same picture at 1H timeframe. But I look at these indicators as a small clue, the main thing is the price dynamics.
At the moment I have problems with returning from bittrex, I buy on the internal exchange for SBD a little...
Great post it´s allways good to know about this things! Im following you ! Resteeming this to my followers. Hope it helps a little.