After weeks of continued price decline in the STEEMBTC currency pair, a change to the upside might be at hand. We have seen earlier that a break of the major downtrend line led to some substantial upside. In addition, this time the newly unfolded downtrend line coincides with the 2/1 Gann line, drawn from the high to a significant local low, suggesting the significance of the entire Gann fan. A break of such line indicates a move to the next Gann line, i.e. 3/1.
How soon STEEMBTC reaches this line can only be guessed. In the scenario outlined on the chart there would be a potential profit of 250% and a potential loss of 15-25%. The stop-loss is determined just under the current all time low.
I am not responsible for any loss on your side if you would do this trade, but I sincerely hope this plays out as expected since I am invested myself. ;)
@leadenstar, right now we are already close to the 3/1 Gann line. If we break this we can look to reach the 4/1 Gann line. ;)
leadenstar
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@RustyRue, I hope so,do u have any estimate time for pump to the next level?
RustyRue
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@leadenstar, not at all... I would only recommend at this point to wait for a break of the 3/1 Gann line. Also with bitcoin on the rise and even a possible bitcoin bull run, it is uncertain where altcoins, such as Steem will go.
hi rustyrue. im a beginner at the crypto world so i have seen your prediction about steem and its realy 9000 satoshi so is it going to pass 10000 satoshi or this is the limit thank you
hosben
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hi rustyrue. im a beginner at the crypto world so i have seen your prediction about steem and its realy 9000 satoshi so is it going to pass 10000 satoshi or this is the limit thank you
RustyRue
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@hosben, it could still take some time, but STEEM definitely looks on track to pass 10000 satoshi!
hosben
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@RustyRue, thank you very match i appreciate what you do thank you again
i hope so and thank you.
;)