Thanks for contributing with actual explanations of what these charts are showing - many have no clue what dead cat bounce could mean or resistance & support areas as they are not traders! How do you expect to make money if you post chart that only other traders understand and can see for themselves easily? But you took the critique like a man and improved, I hope you stay on that path.
And about the price of Steem, well I can say my investment is hurting for sure. Will this be my #1 mistake in cryptospace, I sure hope not but locking down my steem might not have been so good idea. As a hobbyist trader it hurts to have funds literally locked away! But you live and learn, that's life.
I'm personally expecting to see some kind of resistance at 0.0024773btc/steem area as this is a fib line cryptos usually like to bounce off(78%), but I agree with the notion that there just is a damn huge sell pressure and not much support so eventually we could see return to under a dollar. Maybe steem is supposed to be there with the high amount of inflation it was blessed with?
When i first started trading i lost 40 000 USD of my own money the first month. Sometimes it takes a huge slap in your balls to move forward. When that happened at first i was the most devastated person on earth. Then after a while you start to accept your mistakes, then at that precise moment you decide if you are going to improve yourself or if you are going to let it go and do something else. I chose to improve myself, bought a lot of books, joined trading groups with traders from JP Morgan, Goldman Sachs, etc. I did a lot of mistakes, but in the end i learned and i'm still learning everyday. And of course my money is back into my account :-)
All the best traders in the world had to learn and most of them lost a lot of money before understanding how to make money in the markets. I could write a book with all the experience that i have now, but no one wants to read a book by a guy who is not very successful first. So that's going to wait until i achieve all my trading goals.
Damn, 40k in a month and you made it through. That is impressive, not the losing part but standing back up. Keep posting, good practice for your book.
Maybe even go through more basics like different indicators that are widely used, stop-losses, trading account handling for long term etc.