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RE: $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #11 "What you gonn' do when they come for you" Aug 10, 2016

in #steem8 years ago

This looks like a finishing move lower to me, at least near-term. It depends on how much panic sets in. I would look for a 5-wave elliott impulse lower to signal a possible bottom.

Buy support on Polo was looking thin also, but starting to build. Sell side is stacked though. A 20 btc buy wall is in place at 0.003 and looks to not be moving. If it gets eaten, then look out below.