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RE: DAILY STEEM REPORT JULY, 17TH ★ STEEM 0.99$ + 593 New Accounts
Actually, I also thought this might be the case. It's possible that the market might act contrary to expectations and go down still after Aug 1st. This is more in align with contrarian thinking.
I seriously hope it is not going down much further after Aug1. Because if this is not a corrective double ZigZig but an impulse, I have to favor targets of 1160 to 660$. That would wipe out 80% of the marketcap. Not good.
I actually don't think it'll reach $1,160. I think even before it hits that price people would just start to buy in since it would seem to be a good value.