Last time I posted was a while back. 
Steem was in the later stages of an impulse wave. Since then the impulse wave has finished and a new downward move is in progress.
For now this corrective move has been labeled as an ABC, but since wave A is a 12345, we can also label this ABC as a 123 with a 4 and 5 to follow. If it is truly an ABC, then right now we're in a C and the possibility for an ending diagonal (wedge) is there.
Meanwhile BTC looks very bearish. There are multiple possibilities for bitcoin but all of them are bearish. Since the markets move so heavily together, we should also watch out with other coins. However, each chart has its own character, and it doesn't mean that they have moved together some of the time, they will do so forever. STEEM has moved contrary to the market in the past.