When I look at the STEEM/USD chart, I think the correction is over. But STEEM/BTC and BTC don't support that view yet.
But this might change in the next two weeks. This is why I want to share this forward discernment with you today. I caught this early.
While BTC is still in danger of a lower low, there is a chance of this correction going on for a little while, but this does not change the overall bullish outlook for STEEM.
STEEM/USD did the same 78% correction that BCH did as well ;-) I know you are waiting for the good old times, where STEEM and SBD were rising in sync. This might happen again soon... Stay tuned...
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
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Have a nice day :-)
Thanks for the positive words ! They Are needed in times of turmoil. Steem On! Steem Nation!
Thanx a lot for giving us the hope, I really wanna convert steem and SBD into my local currency to pay my bills.
This comment is great :)
I’m excited for a potential run in Steem soon. I noticed a similar thing today when looking at the 3 & 6 month charts! I think it’s a good call myself! Thanks for the post! Comment / Upvote / Resteem
TOO ME STEEM IS BY FAR VEST BLOCKCHAIN ...followed by bitshares!! Thanjs🙏🏻👍
steem is new generation social media and it's technical view seems wonderful. thanks for your share
i am interesting to buying the steem power. Your article indicate me that this is the best time to buy Steem. Thanks dear
Thanks for the update! I'm really excited to find out if the correction is actually over, or if there will be a final low push before it is.
If bitcoin goes down , steem will follow like any other coin.
But I do believe we will see new highs for both of them in the long term.
i really like your post and i enjoy it very with all your post, its amazing..i want to follow your way.motifation is pretty good.
Thank you for giving us hope!^^ As I wrote in another thread: I want to believe!
We all deserve to become STEEMionaires!!
Excellent source of information, following!
I'm very bullish on STEEM long term, I'm 90% STEEM portfolio!
Thank you for sharing! Upvoted and Resteemed by @cryptoryno33
Thanks so much for the update. Saying a silent prayer that things will be better soonest.
Thanks with your information.
This might sound super selfish, but i want a bigger rise in SBD and a slight fall steem hehehe so that I can power up strong!!
I really liked it,thanks