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RE: $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #72, "When time stands still " Oct. 12, 2016.
COMMENT
The price made a dip into the lowest support level, after which followed a bounce, and now seems to be knocking on the first resistance line, the 0.00048 one,
If the price breaks upwards and menages to hold, aka establish the 0.00048 resistance as a new support, we are very likely to see some positive charged days.
On the downside it is getting rather tight with the last support line being ~0.0003 BTC, which would be just a few saotshi above the all time low, 0.00027605 BTC.
Agreed. The good part is our possible outcomes have become rather obvious based on where price is. Let's hope we can re-establish above .00048 and begin to build a bullish tone. I'm nervous if we test the all time low.