IS STEEM READY TO TAKE OFF?
As you can see in my chart below, STEEM has been playing inside a bullish flag. Bullish flags usually break to the upside because they are an indication of consolidation. You have strong buying followed by weak selling. But usually when they break out, they dip quickly and retest the flag from the other side before continuing up and that's when most traders will get int. At this price however, most intelligent traders sell and wait to see what happens which is why the price is struggling again. If the price dips again, it's going to retest the previous lows just above 0.0003 BTC. My personal bias is downward so I'm expecting another dip!
MR. OPINIONATED!
Please be advised that trading cryptocurrencies comes with a high risk and any opinions, research or other information contained in my posts is provided as a general market commentary and opinion only, and does not in any shape or form constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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