Summary:
Where do I see Steem headed?
Using a very simple trading strategy, that is highly accurate (Supply and Demand Trading) i did not find any demand zones or support in the daily chart, so i had to go higher to a higher time frame.
The weekly chart below show that Steem is a free ride down to 1.22, that's where it will start to see some buyers and support. But it can go as low as .73 cents. See first chat below
Now that we know where we standing on the weekly chart we must also look at monthly chart to see where it aligns because the higher time frame the most effective this trade will be.
Monthly chart is showing about the same as the weekly. This is great !!, Two high time frames have aligned, this means ALOT of buyers are sitting in this area just waiting for it to come down to papa, please look chart below.
Conclusion : Patience Pays , wait a little longer and you will get in at a great price.
Thanks for watching
im not sure crypto can the find best way to leave the fud they will kill crypto
They are trying very hard. big money doesn't like Crypto. its sad
Typically history repeats itself. Look at the blog I just posted showing the crash in 2013.
Great analysis and agree. Price broke my line in the sand at $2.00. I think the $1.00 level will be a great buying opportunity as well.
Thanks for your professional opinion, i think we cant go wrong at a dollar.
I like how you look at the charts, you do primary trade supply and demand?
So at what point are you planning to buy @daytrader105 or do you need more figures to decide?
I will be looking to buy in that area i highlighted
Oh I see. Between $1.22 and 0.73 you mean. I'm new to all this. Juts bought my first Steem yesterday and today. looks like I should have waited. 😢
between 1.22 and .73 is a nice buy. there is a high chance that will be the lowest. if it drops below that its pretty bad and i will stay out of it completely.
Oh my. That's interesting. I shall watch and wait then and maybe get some more money into Coinbase, after the weekend, ready to go.
Yes. you will get steem at a discount price :)
Thanks for sharing useful information
Crypto will be fine if people stop believing the media FUD! Resteemed 👍