MoeB_712

STEEMBTC - It's just the beginning

Long
POLONIEX:STEEMBTC   STEEM / Bitcoin
Highly bullish on STEEM and have been for a while. I think Steemit has great potential moving forward, especially since the user base is constantly growing. For the past few days we've seen slow but steady upward movement. We see positive volume and MACD is showing upward momentum as well. I think we'll pass 0.236 fib and we're either going to keep going or retrace back to 0.382 or even 0.5 for support.

Planning on holding this for a while!
Trade active: Support at 0.5 fib. Looks like it'll bounce around 0.236 and 0.5 until we see that ascending triangle tip close to 0.5 fib (hopefully it won't dip below that).

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