Objective Observations
- No major fundamental attack
- No catastrophic (systemic and critical) event
- Downtrend primarily profit taking and secondarily news-driven since November (amplified by governmental regulatory discussions)
Assumption
- Big money front-running. Market being artificially suppressed.
Anticipating breakout towards $10k OR bull-trap back to previous low support of $6k
Up is good for all of crypto, including STEEM. Down is good for people who want to buy more.
via Trading View -- see the interactive chart here
