RE: Market Wrap: Bitcoin still bid despite bearish engulfing, Ether consolidating and Steem breaks lower, but all's not lost

[maksym7]

@ronni, my opinion is based on technical analysis and only on it.
I'll explain why I think that Steam will fall:

1. a downtrend
2. the price broke through the triangle
3. the price approaches a strong level of 0.00033 and if it detects, the next stop point will be 0.000225
   
   This is my opinion as a trader - you can share it or not. The market often does not go according to plan, if you know =))) and 100% guarantee to reduce Steam I will not! But technical analysis so far shows a decline.

Comments

[ronni]

Thank you for your in-depth explanation maksym7! When you say you believe the price of Steem will fall, then what time period does that revolve around? Is it as a day trader or as an investor?

[maksym7]

@ronni, I'm looking at the possible drop of STEEM as a trader.

As an investor I believe in cryptoworld! And on longevity I consider only purchases!

[bulleth]

Nice analysis!