Is anyone else having trouble with Steemit lately or is it just me? I've been having trouble viewing pages and such. I posted this morning and it never actually posted.
Anyway, earlier I mentioned that we could potentially be on the way to a double top if/when BTC touches $4,472. Potentially, we might not get there as there may be a new downward resistance trend line establishing.
BTC broke the upward trend line, so this appears to be the next established trend line.
Volumes have been diminishing, and BTC broke the $4,356 resistance with a volume decline, signaling the bears are waiting to apply pressure. In addition, RSI highs have been lower with increases in price. This divergence signals an end to a trend. Reversal doji's on the recent 4-hr chart have been confirmed with bearish volume and candles.
$4,356 has broken already as support since it provided no resistance on the way up. The large volume bars have all been bearish for the last 3 days.
Upper resistance still sits at $4,470.
Support now lies at $4,266.
Happy Friday!!!
steemit is under DDos. use busy.org until sunday all issues will be fixed by them.
thanks for the heads up.
@reported has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond. To be Resteemed to 4k+ followers and upvoted heavier send 0.25SBD to @minnowpond with your posts url as the memo
Yip we all.been having issues hopefully tomorrow all will be sorted. Cheers ;)
How do you know where the resistence and where the support is ?
It’s based off of previous price action.
Congratulations @exxodus! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPMooning
Hi, yes SteemIt have had some troble lately. It was a DDos attack by not by hackers. Something wen´t wrong when they tried to implement somekind of user tracking system together with a 3 party.
Great post btw...thanks 👍