SUMMARY
STEEM has made what looks to be like a bullish wick. This is when price briefly pierces the lower support line and then quickly moves back inside. In this way, weak hands are cast off and it is how the setting of a price launch pad is established. The weak hands are dead weight! I see so many have emptied or cashed out their Steem wallets...many of these had also purchased steem power with cash at higher prices. It is the classic buy high and sell low scenario. Mark my words, they shall be infested with FOMO once STEEM breaks out and they will be the ones jumping back in at higher prices, only to repeat the vicious cycle of buying high and selling low. You do NOT want to be part of that tribe!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - d2e60e9856c36f34
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**