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RE: Steem Price Analysis - Steem Rallies off of Support

in #steem • 8 years ago

If you're interested in why, the punters dumped Steem yesterday to chase Monero - and returned to STEEM when Monero's rocket ride sort-of made a 180.

8 years ago in #steem by
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     8 years ago 

    Good point.

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     8 years ago 

    Thanks! Actually, STEEM's enjoying a rocket ride of its own right now: i'ts hit 0.001947 as I write. Sad in a way, as the buying opportunity is gone...

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     8 years ago 

    I don't think the buying opportunity is gone quite yet. A pullback here is natural, it might be a good time to buy when price finally breaks out to the upside of the channel.

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       8 years ago 

      Makes sense. Monero has been exploding lately!

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       8 years ago 

      Sure has! But it's been having a bit of trouble since it hit its all-time high before midnight Eastern time. I saw a lot of speculators using the jumps to abandon their ship, and lots more whacking the buybook by dumping.

      I also saw a whale put in a 400 BTC buy (!) at 0.016 this morning - and it was gone less than a minute after XMR hit its price. (!!) I wonder how he feels now..