NEWS
Steem now available on Binance
"Social coin Steem has arrived on Binance, and is now available for trade for BTC, ETH and BNB."
MARKET OVERVIEW
As expected, and mentioned yesterday here, we retested the trendline around the 0.00045000 STEEM/BTC. Buyers were able to win the battle at that level and the trendline has held, for now. STEEM price is now bouncing between 0.00057573-0.00060000 STEEM/BTC level and 0.0004200-0.0004600 STEEM/BTC level. We have had higher lows thus far in the most current swing. For a new phse upward we will need to get a good close above 0.0006000 STEEM/BTC.
As expected, and mentioned yesterday here, Steem Dollar retested the 0.00033968-0.00035000 SBD/BTC level. For any new change in trend we will need to get a convincing close above the 0.00054125 SBD/BTC level.
The big question is 'Has a bottom been put in on the Bitcoin price?' Altcoin's will continue to languish as long as Bitcoin remains floored. if we can get some positive movement out of the Bitcoin price then we can expect to see the Alt's start to move.
This article is intended for educational purposes only and not meant to convey any financial advice. Trading can be a risky venture and personal due diligence is required.
I believe as we build up the platform we will separate the Steem and SBD price flucuation from BTC. Hopefully It happens soon.
May the Crypto Gods bless us all.
I hope so...I really believe there are many coins who can stand on their own. It is nice that STEEM is getting more mainstream press and the new account keep growing. I know that probably 10-20% are fake accounts but the majority are legit.
Nice post.I respect you very much because you contribute to steemit.I will do activities like you.I would like to extend the steemit.
Thanks! I would really like to see this platform grow. I still think they need some more design work but the freedom allowed here is great!
I just love to see Steem on Binance!
Me too, the more adoption the more chance at long-term success!
So true!
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