some analysts are saying that btc wil go back to 18500 in less then a week, so then we wont have this scenario right? what about steem? With all the bullish flags I was thinking it would have hit a new ath by now, but it didnt :)
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I would love that, but I doubt it. There is not even one bullish pattern in BTC. Its a giant bear flag.
Remember that price consolidation takes 60% of time, distinct movements only 40%. STEEM will take its time to rise again. But if BTC becomes stable again, STEEM will likely profit from that.