Steem/BTC: Breakout

in #steem7 years ago

Hi, fellow Steemians,

As Bitcoin has a slight drop today to $6200 level, I have seen an unusual increase of volume in Steem:


Chart by TradingView

So, a high increase in buying volume at the lower end could signal a BUY from the 12500 level. The profit-taking target should be from 13000 to even higher.

Steem has been in accumulation zone recently, and I do expect a real breakout from the current level.

Even though the price of BTC is dropping, Steem still keeps its momentum.

If you are going into a trade, please be careful with stop-loss ready.

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