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RE: STEEM: Technical analysis: Nice recovery from downward spike on poloniex

in #steem7 years ago

Very good analysis @xaero1. I personally thinkbthe market got a great shock and it also depends pn what bitcoin is undergoing right now. Provided that on august 1 all being well we could very well see steem reaches 3 to 5us.

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Thanks for your comment!

I find it really interesting that something like 9/10 replies are mentioning this august 1st thing. Not sure what that implies, but it must be a good indicator of something! I understand it could have an impact on bitcoin - but if either there is no split, or if segwit gets activated before then via segwit2x...then it should be positive I would expect. But I'm just not sure that a negative scenario would have that much of an impact on the alt-coins - but, we may well soon see!

STAY CLOSER to news.bitcoin.com and thank you