Whether people think charting works or doesn't work really is of no matter, because in the end if it is something I find value from and it leads to me making better investment decisions then it is worth my time
Why do I mention this?
Because the price of Steem keeps doing what I expect over and over again!
Bounced of the next level support
Whether we see any follow through is a whole different story, but when we failed at the $2.60 level I said we are now in a new range with the down side in the $1.60 area.
So where did we sell down to and bounce? Yep, that $1.60 area. Price got as low as $1.47 before rallying back above to close above that support level.
Outlook
We really need to maintain this level as a close below $1.60 opens up the opportunity to visit the next support level of 80 cents.
No one wants to see sub $1 steem again!!!
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Best Regards,
Disclaimer: All info in this post is my opinion and for educational use.
Free e-book: ScaredyCatGuide to Knowing What the Heck Bitcoin Is
Best Regards,
Disclaimer: All info in this post is my opinion and for educational use.
I do think it is finally becoming a good time to reload. I personally think there should be a small minimum purchase required to have an account. I know that would frustrate many but if a portion of the initial portion went to referral sponsorship and maintenance of steem it could grow stronger. I could be completely wrong but that is my thought. Even a $10 dollar buy would allow people to learn how to buy and know they contributed to the system.
Not the worst idea and as for reloading, atleast the ultimate downside risk is only $2 lol
I'm going to grab your guide--New to Cryptocurrency and wanting to understand it better. Upvoted!!
Great! Hope it helps :-)
#hodl
and believe it
Upvoted and resteemed. Thank you for the information and update.
Thanks, my pleasure!
Well put. For those who want to learn charting can really help maximize profits.
thanks for the insight. gladly market has risen from the lower levels of 1.60$ to now 2$+. market is really volatile and who knows whats happens next. thanks for sharing
I'm not worried, it will come back, and back, and back.
I WANT THE 1.00 STEEM AGAIN!
Only temporarily though, So I can buy buy buy lol
Hehe, yeah I saw your post about selling your other crypto to buy up steem. It's bold and I like that you are taking a shot. Once in a while gotta take those big swings.