The state of BTC, HIVE and STEEM on 07.04.2020 : Discount period is almost over

in #steemleo • 4 years ago

BTC


First of all , let's check main crypto king BTC:

Daily chart clearly says very soon (I expect it tomorrow) it will go down. I think that it will make pressure on crypto coins value in USD will also going down while their value in BTC should go up.

HIVE

What about HIVE? Well, Justine Sun manipulations already pushed HIVE down:

So if it follows upcoming BTC decline , I expect very little drop as the price is almost on support line of falling wedge that is bullish pattern

HIVE/BTC pair is also in falling wedge:

From my point of view, this pair has bigger chance to rise as BTC decline should push it up.

Steem


Btc decline will pull STEEM/USD down a bit but I do not expect the drop will be deep.

The same as HIVE/BTC, STEEM/BTC pair looks more bullish with BTC comparing to USD.

Here I see falling wedge and Stochastic RSI at the bottom that signify upcoming rise.

#trading #btc #hive #steem #blog #esteem
4 years ago in #steemleo by
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