GREAT NEWS! STEEM should not fall below 14000 satoshi. The end of downtrend is probably near! It is OK if you don't believe me, but this is what the waves are clearly indicating.

This is in my opinion the most probable count right now.

The reason I am so sure about this is, that wave 3 (blue) cannot be the shortest wave. While wave 1 blue was longer than wave 3 blue, this means wave 5 must be the shortest.

There is a possibility that my count is wrong, but I am damn sure it is not. Actually labeling this chart was the easiest labeling i did in months, regarding STEEM. This means more people will see and understand an easy count.

You don't have to bet your money on it, but I definately will..

This is where I have to remind you, that STEEM better not fall below 12500 satoshi, beacuse this basically is the last strong resistance. If broken I expect a retest of 7500 satoshi. Not what we want to see...

If you think this to be useful information:

DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Tell me what you think...

Have a nice day :-)