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aeonglacial
Jan 6, 2017 6:56 PM

Steem Buy Signal Long

STEEM / BitcoinPoloniex

Description

Double bottom on the daily as the 0.000145646 level seems to be well fortified by investors. We have not closed beneath this line since early November.

Today Steem released a desktop/pc version of the webapp. Interesting timing. Steem has the 10th largest market cap amongst Alt-coins and relative strength shows it leaving the oversold area.

Double bottom on the OBV and The Willy. In my experience with crypto, this is an excellent signal.

Important fact to remember is that you need to purchase BTC in order to invest in other Alts. I believe a significant amount of BTC bought in the past quarter were Alt coin investors taking advantage in the short term rise in BTC to ultimately stack other Alts.
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