NEWS
Steem now available on Binance
"Social coin Steem has arrived on Binance, and is now available for trade for BTC, ETH and BNB."
MARKET OVERVIEW
As expected, and mentioned yesterday here, we retested the trendline around the 0.00045000 STEEM/BTC. Buyers were able to win the battle at that level and the trendline has held, for now. STEEM price is now bouncing between 0.00057573-0.00060000 STEEM/BTC level and 0.0004200-0.0004600 STEEM/BTC level. We have had higher lows thus far in the most current swing. For a new phse upward we will need to get a good close above 0.0006000 STEEM/BTC.
As expected, and mentioned yesterday here, Steem Dollar retested the 0.00033968-0.00035000 SBD/BTC level. For any new change in trend we will need to get a convincing close above the 0.00054125 SBD/BTC level.
The big question is 'Has a bottom been put in on the Bitcoin price?' Altcoin's will continue to languish as long as Bitcoin remains floored. if we can get some positive movement out of the Bitcoin price then we can expect to see the Alt's start to move.
This article is intended for educational purposes only and not meant to convey any financial advice. Trading can be a risky venture and personal due diligence is required.