Until it's break the short term downtrend line looming from highest peak on march 2019. i expect this bearish trend would occur toward each support i line out on each fibonacci line.. even if it's broke that orange trendline.. STEEM/BTC still in massive down trend on higher time frame.
Estimated toward Q4 of this year until 2020 would be meet this massive down trend since 2017 and if the price manage to broke the latest massive uptrendline that had been broken on 7000 satoshi. Until then, bearish trend still is.
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion,
and please feel free to share what your thought on comment section.
peace.