Nice repeating breakout patterns on POLONIEX:STEEMBTC .
I think we are now in another one and I'm gonna play it.
It's little risky because of a some green pump candles at the beginning of the last triangle, but the uptrend is obvious.
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i can dream what is going to happen because i sleep with the charts, i think my analysis is going to be perfect, no doubts, steem will hit around 1800 mark my words, maybe 1200 while it is on its way to 1800.
idk why, i just analyze on my own way, i dont seek for reasons, the paterns repeat themself, like day an night.
STEEM/BTC is looking good for a long position based on daily and hourly pennant.
Will head to 100k based on previous move and could move further up depending on where the breakout occurs.
I am long on this at about 81k. I think there is a good 20% to be made here.
Stay focused and trade to trade well.
I do think that Steemit will rise up to beat ATH in the up coming days/weeks. I recommend hodling it for a long term as I believe we are bullish in the 1 hr marks and below. The 4 hr mark shows a slight bearish but following the 50 EMA line, I dont think we'll go down below 80k sats. Always set your stop limits of course and try not to fuck it up
Bollinger bands are settling down preparing for another wild ride, you can see the price funneling down the flag and it is at the support level, paired with the Bollinger Bands we might have another up trend soon.
