STEEM/BTC update (1/31/18)

STEEM has been on quite a run and has increased over 330% since the beginning of September vs Bitcoin. It's currently sitting at a 24h volume of $65,616,600 with a market cap of $1.24 billion.

It is testing its current support zone where the price had been ranging for the last 2 weeks and now sits on top of this zone.

If this turns out to be accumulation and the current zone holds then a move upwards will follow and the level above will be retested. It is also a currently testing the weekly pivot point. A close above this pivot with the daily candle would be a nice gesture. If the support zone is broken down then a retest of the monthly pivot point is possible.

**This is my personal opinion
**Investing takes risk, please do your own research and only use what you can afford to lose.