Steem price analysis - STEEM/BTC on Bittrex

Update to https://steemit.com/steem/@rd7783/steem-price-analysis-steem-btc-on-bittrex

On the shorter 1hrs time frame price was not able to break its descending line which was highlighted in the previous post; for the lack of better words price has been losing some steam (pun intended) and its slowly approaching its 50% retrace level around 0.0038; it will be important to check if buyers are able to defend this level for the 2nd time.

On a shorter 6hrs time frame levels remain on hold unchanged:

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources and the author does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.