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RE: $STEEM/BTC Poloniex+Bittrex Technical Analysis / Market Report Update #217, May. 18 2017.
The price action on the daily chart confirmed another bull flag pattern earlier in the week, this is the 3rd one in roughly a month.
The price action is positive on the larger time frame which is of importance. We need to continue to consolidate above .40 and preferably push higher to maintain the positive tone.
The DXY is a huge HEAD AND SHOULDERS formation with projection to about 95 according to my pattern rules.
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Loving me some STEEMIT