Good morning everyone .
I was about to write something about market watch yesterday but i was disturb in the middle of writing to spend my day with my mother and brother . But it doesnt matter , i ll just write about last night market and today market because there no huge movement in the market today .
So , the market price between STEEM/USDT is at 51 cent , which was looking good after drop until 21 cenr in previous lower. For those who has buying steem at that price , congratulation . You haa double your investment.
TF : D1
This is daily market .
As i have mention in my last market watch , the market will meet new resistance before it can go up , seem the whale 🐳 selling their steem and force the price to go 46 cent yesterday .
Luckily , market has close higher than previous resistance last week as shown in graph above with big candle .
Tips : Big candle has two meaning ,
a . The candle has a grear momentum to continue the market hike , always happen after news / rumor
b. The trend finish blow before decide the next market movement .
In this case , we can see its take no b defination .
Lets see into detail what happen by looking at smaller timeframe in yesterday chart .
TF : H4
In 4 hour time frame , we can see the momentum of selling is less than buying by looking at the market volume , in my opinion , its happen because sell pending order by the whale . And we can see another buy at previous resistance (buy order at 46 cent )
TF : 1H
Yesterday the market closw with a doji or also telling us the undecision market . Its continue by today market (this morning ) where the marker still dont decide where it want to go. It may continue sideway market a range price (look at the market) , before it making its real trends.
We might see some movement at london and us open . But , let just wait the signal for it continution bullish or selling whale that force the market trend.
Disclaimer : Trade on your own risk , this is my personal view about the market
STEEM ON.
@tommyl33 is waiting
looks like things are settling down for now however I see another push by tomorrow or friday with a large downtrend on Sunday night our time. Just gut feeling ... =)
big sales from whale 🐳. It may temporary , waiting for new entry for new entry for long haul
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So if you check the 20 week moving average, Steem broke through that for the first time in a long time and is finding support! Kinda rides along with what you have there. Needless to say, I am bullish... But I don't worry about day to day price action. I am in this for the long haul. ACCUMULATION!
yeahhh agree with that .. been watching some MA , it may temporary sideway before it began tu bullish. Same here , im looking for long term haul ..
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good work
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thanks buddy
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😱 nice breakout from R1
after waiting so long 😂😂
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Yeah great analysis thanks!
thanks
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