Updated
STEEM / BTC Range Trading Begins
STEEM/BTC has just reached previous low, where it rejected the fibonacci support. From now it could be that price will start to consolidate for the time being, but only if support will hold.
The scenario where the support is broken can be seen on the chart, but while holds expect range trading or even reversal.
Based on my BTC precition (chart can be seen below), BTC/USD should also correct at this stage, leaving some room for growth to alts.
The scenario where the support is broken can be seen on the chart, but while holds expect range trading or even reversal.
Based on my BTC precition (chart can be seen below), BTC/USD should also correct at this stage, leaving some room for growth to alts.
Note
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.