Yesterday very early morning I saw a buy formation with an inital target of R1: 75K. It happened quickly, and it didn't take long as I mentioned. Squeeze going through LVN can do that. The strategy to follow if you have missed the initial pop is to wait until it retraces. Where you may ask? Close to the broken red trendline shown in the chart. If you pay attention, this pattern happens very often, and it is safe to assume it is a high probability trade. Trading is a game of probabilities, anything can happen, no matter who you listen to -permabears or permabulls.
Currently Steem is in nowhere land, but found support below and looking to break 75K. I do not like to give predictions, but a sideways move between 67K and 75K satoshi is likely as it is trapped between two zones (green and red dotted lines). If you managed to get some steem great! I missed my opportunity as I could not get funds into the exchange on time.
As always, trade your plan. Your welcome to share your ideas, post any comments you feel like. And if you have managed to read this much so far, let me know if you are interested in a Steemit 1st Crypto Trading Challenge. Haven't made the announcement yet, and might be looking for some help in the form of a co-curator. Some logistics first to figure out, setting rules, another steemit account, trading prizes, etc. The idea is to grow the next generation of crypto traders, and help newbies to become better at trading\ :) Lots of things can be done to help the crypto trading community here.
Until my next post.