STEEM broke out of the wedge to the upside, as expected. It's good news that STEEM has support outside of the general BTC market dynamics.
Hey everyone. I've decided to start doing weekly technical analysis videos for the cryptos that I'm interested in.
Mainly because a lot of the ones I see are just terrible.
This is week 2!
TA is not a magic ball that will tell you exactly what will happen. If it were, the profits would be arbitraged away.
What TA does show you is the aggregation of market participant psychology. It shows you how many people bought and at what price. Those pieces of information can give you insight into how people will react to future price movements.
No TA is perfect. Do your own research before making a trading decision!
▶️ DTube
▶️ IPFS