Yes we are in freefall and this is actually a good thing, because after the coming panic low there will be huge possibilities. As long as STEEM does not make a new all time low, we are good. Read my post about the elliott wave count for STEEM if you wanna know more.
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Well .. I love your work ew .. and would normally be put at ease, but if you take what is going on in the wider-marketplace and the new tech coming down ... I have to say bullshit to the "good thing". Unless the power-players act, we will flatline.
Thank you for the compliment. But think about it... If you were a whale that already made 50k+ in profit on this site, would you not reinvest some of that again when the price is below 1$? I most certainly would. I am sure some of the bigger players are just waiting to buy more, but of course they want to buy low for the biggest possible profit. STEEM at 50 cents? I would say they will be jumping up and down in joy to double their STEEM positions... This might not end the downtrend immediately, but I see no chance for it to flatline.