Catching the knife [2]- STEEM/BTC trade Feb. 2017

Trade update:

Orange channel broken, we are in the pink channel now.

If the future price trend follows my previous fortune-telling post we should see a new descending channel, breaking the pink channel downwards and a new mega-bounce from a new higher bottom (I am watching the light blue line as a potential one for the support).

1h candle close above upper red resistance line will mark beginning of a new sharp mid-term uptrend correction from last three months fall.

Bear in mind, this is not an investment advice...