Aside from BTC price effect.. steem/btc is doing good recently. find it's low support around 4k satoshi and i expect it will consolidate between 0.236 (4359 satoshi) and 0.786 ( 5122satoshi) for awhile before it will start it's bullish movement after it breach 200 EMA around 5800.
MACD so far doing great in daily chart
although in 4 hour chart sighted a bearish divergence between price and MACD
short term i expect a pull back and its possible consolidate a while before it will start the impulse movement to upside starting by breaching 200 EMA (5800satoshi) in 4 hour timeframe.
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
MACD so far doing great in daily chart
although in 4 hour chart sighted a bearish divergence between price and MACD
short term i expect a pull back and its possible consolidate a while before it will start the impulse movement to upside starting by breaching 200 EMA (5800satoshi) in 4 hour timeframe.
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.