STEEM - The correction is continuing

in #steem6 years ago (edited)

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

The correction is continuing on the STEEM. You will say like on the BTC, yeah it is not wrong, the only problem is that most of altcoins are correcting 2-3X more than the BTC. Currently, the drop is held by a little support line around 0.80$ but I really don't think that this line will stop the drop in the coming hours. We are in a very bearish trend on the STEEM and till we don't have any sign of a reversal, I would suggest everybody to be very carefull with STEEM but also with all other altcoins...

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

BARRE STEEMIT.jpg

Are you looking for a userfriendly way to exchange your cryptos in £, $, € ?
Do you want them spendable directly via a dedicated plastic Visa card ?
Do you want to receive back 0.5% of your spending in Bitcoin ?
I recommend you the platform Wirex.jpg

BARRE STEEMIT.jpg

banner_cryptopassion03.png

BARRE STEEMIT.jpg

banner_cryptopassion_witnessvote01.png

banner_cryptopassion_viaSteemit01.png

gif_witness_cryptopassion02(220).gif

banner_cryptopassion_viaSteemConnect01.png

gif_witness_cryptopassion03c(500).gif

BARRE STEEMIT.jpg

Sort:  

Many have taken advantage of this downturn because we know that the short term steem will have an explosion in prices, I do not have many savings but I could buy a few coins thinking about the future

I agree. We have faith in steem beyond the short term. If it dips more that sucks but im confident it will rise again.

Maybe next month we will see some bull signs and sometimes when the year ends the prices peak. So much force there to sell if that happens @cryptopassion

अच्छा समय निवेश करने के लिए है कि मामूली आँख बूंद भी प्रभावित नहीं करेगा क्योंकि कि मुद्रा जल्दी से बढ़ जाता है, हम जानते हुए भी यह किया जा रहा है कि निवेश का लाभ लेने के लिए और देखने के सकारात्मक परिणाम हम octener होगा तैयार रहना चाहिए

you call it correction, i call it sale

Any thoughts on what the bottom would look like? I’m hoping we don’t see a dive to 20 cents like I’ve been joking about.

Thanks for your educating post. I totally agree with you "invest what you can afford to loss"
Don't put all your eggs in one basket. Just hoping that we'll make good profit on steemit soon.

I am afraid that it should not be the end. It's making loss

wow great anylysis sir..thanks for share..

Nice analysis thanks for sharing

don't panic ! XD