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RE: Oversold Extremes - Part 2

in #steem7 years ago

Great spot for an add in both. STEEM is currently testing the bottom support of the wedge pattern, which can be concerning but on the flip side, it's a great opportunity to buy.

From a technical standpoint, BTS's chart looks slightly better than STEEM - but both are generally doing the same thing. I really admire your trading style and wish I could have positioned myself to do the same. Unfortunately, I allocated 100% early and will just have to patiently wait out this accumulation period.

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Very sharp analysis. BTS's chart is slightly better than STEEM's in my opinion too. Oh and look at that momentary break of the lower wedge on STEEM! Regained in no time. Looking like a stop run to me. We shall see. It's broken a second downtrend. Let's see if we hold a backtest and resume higher.