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RE: STEEM/BITCOIN is collapsing

in #steem8 years ago

I completely agree. My analysis suggests the next buy point may be at the 0.0025 mark but i don't see a massive pump or anything but more as a new support and point for accumulation.

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Hello rushd,
it's possible that 0.025 could be an important support. But we prefer to buy only with a stong signal... "trend is your friend"... And for the moment the trend is still bearish...
We'll update...

My analysis indicates...... 0.0020. The price action is coming out of a 5 wave triangle formation. The price leaving the apex is equal to the widest part of the triangle. When the the target is reached, there should be a massive pop in the opposite direction.... USUALLY

We prefer 0.0025, but it's not important... In our opinion the most important thing is to understand the trend... And not it's bearish without doubt.
For a reverse, we prefer to wait and update in the next days...
Tnx