Update of https://steemit.com/trading/@rd7783/5tidh1-steem-price-analysis-steem-btc-on-bittrex
price has pushed itself up until the 62% retrace level where normally buyers would step in and for the time being this has happened and a bounce is underway
on a smaller timeframe the range previously highlighted was broken to the downside without particular conviction and this is now causing price to go back into the previous support; a false breakout would suggest for price to return to higher levels
Looking at the overall market cap, the 200m floor is providing support for now
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@steemed @kushed
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