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RE: On his way to ZERO, Steem fail near $1
Steemit is still at 5 times what is was at the beginning of this thing . We are at the low. The charts are looking up. If you don't like this you can give mark zuckerberg all your up votes for free I Love Steemit !
@andre-ager I love steemit as well. I post like crazy, but at the same time I'm watching the Steem/Btc chart and we are clearly in a bearish pattern with the next target of .001 in sight. I'm not going to try and catch a falling knife. Once I see the price stabilize and turn then I will look to buy in.
Obviously some kind of change to the platform that brings in $$$ will help STEEM price explode.
I think 1.00 is the low . Lack of liquidity drove the price way up and now it is settling in. The next low from here would be .39 but I think it is stabilizing here
stabilizing !!
actually I don't see any stabilizing here.
The price is just going down and down without any resistance
@ashold882015 agreed we do not have alot of price history yet. I actually posted that comment for @andre-ager to look at based on his price talk.
Please look at the charts in my post today. I've been charting for over 10 years as an equity trader. Steem just confirmed another bear flag pattern today commencing another leg lower.
https://steemit.com/money/@scaredycatguide/steem-btc-downward-pressure-continues-with-another-bear-flag
You are right about technical analysis But this is not a 10 years chart .
So fundamental analysis still leading any move.