STEEM - Who will win ? The bear or the bull

in #steem6 years ago

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

As I was explaining you yesterday, the objective was to go test the resistance line in brown around 1.50$. This has been done today but that triggered an immediate pullback on the support line in orange. The market is now trying to break it... let's hope it will hold.

It is really not a good period for the altcoins. We are doing new highs on the BTC but it looks like the market is selling alt to enter in the BTC, perhaps due to the coming ETF. Don't worry too much, we already had this in the past and each time, even it was delayed, the altcoin market had its bull time also !

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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The fact that Steem is such an unusual coin with an actual use case means that it doesn't always follow the direction of the market, which can be a good thing or bad thing. It does feel pretty bad to see it sitting at $1.36 though. Of course EOS isn't looking much better.

Hello CryptoPassion!
Nice article. Very useful information you delivered. Please carry on with this type of useful info. Upvote done and don't forget mine.

fear leaves you in your place is better risk sometimes ^^

Hi,

Steem should retrace up mid week then, go down again by this weekend....imo

Yep. That seems to be the pattern. Sudden upsurge followed by retrenchment!

If we dont risk it, we might never get there. The high risk involved makes it worthwhile

Bears. Seems like it's always been bears with Steem imo

Great article! Steem has just rejected at a major support level of $1.35, If bitcoin can hold its value and not experience a likely sell off we could see a nice bounce off this level. Watch Bitcoin very closely over the next few days!

Screen Shot 2018-07-24 at 9.12.38 am.png

Yeah u really great uupdate about altcoins its help people to don't hold altcoins because it's may be more down really u have big awesome blog post thanks for explanation sir i am new here on steemit now i am with u because i get more updates from u about cryptocurrency

nice concept sir..and good analysis..

The bear as usual...

it will go to moon bcz of ETF approval...its time of alts... booooom....

Don't roll the Dice if you can't pay the Price!!!