Steem is moving up after hitting some lows. Most of this has to do with BTC dropping more than some inherit problem with Steem.
The challenge in trading alt coins like Steem is you have to keep an eye on the BTC chart as well. BTC has gone up a bit in weekend trading an so has Steem.
If BTC continues to move up - you can count on Steem to move up - but it will likely be temporary if BTC correct again (which is likely).
If you are sitting on some Steem and are looking for an opportunity to make more - i've set my target on the chart. A re-entry point would be somewhere below $2 as BTC does another dip.
I'm a believer in Steem - it should be a $10 coin when the market picks up again. In the meantime the volume is very low - but opportunities to get in low and get out a little higher still exist.
Stack That Steem!
The challenge in trading alt coins like Steem is you have to keep an eye on the BTC chart as well. BTC has gone up a bit in weekend trading an so has Steem.
If BTC continues to move up - you can count on Steem to move up - but it will likely be temporary if BTC correct again (which is likely).
If you are sitting on some Steem and are looking for an opportunity to make more - i've set my target on the chart. A re-entry point would be somewhere below $2 as BTC does another dip.
I'm a believer in Steem - it should be a $10 coin when the market picks up again. In the meantime the volume is very low - but opportunities to get in low and get out a little higher still exist.
Stack That Steem!
Comment:
Steem has been following BTC lower.. its getting close to a good time to buy.. anywhere between 1.90 and 1.75 is possible.
Comment:
Seems to be following my idea perfectly. BTC is set to fall even lower which should pull Steem down further with it. If your in the cash a buy opportunity is coming - if your still holding the coin - theres likely a small window to buy down..