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

in #steem7 years ago

market was down maybe because of ICO cashing out ether for salary or office stuff , plus uncertainty about bitcoin,
we may see some upward trend then we wait for bitcoin fork

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TBH, I think anything that goes up a huge amount is always going to retrace downwards at some point, whatever. There's always going to be people wanting to cash out their profits... and this only stops when equilibrium is reached again between buyers and sellers.