I keep this update short, because it looks like every other coin right now. BTC is tanking, STEEM is tanking, too.
Will this go on forever? Of course not...
This year 2018 will be great for cryptos as mass adoption looms later this year (2T marketcap is possible in 2018 in my opinion, every small altcoin going 10x+).
We have to see it like this: Now that BTC is in the midst of the biggest correction ever, be sure that there will be no huge correction any time soon after this correction is finally done at some point in February.
Here is STEEM/BTC
And STEEM/USD
The big picture to keep in mind:
Blue wave 1 equals white wave 1 in the STEEM/BTC picture above... Stay tuned...
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
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