After a couple of weeks of grinding bearish action, STEEM finally put in a definitive bottom versus Bitcoin in the past day. It starts on the short-term chart and moves out in time. I don't have a lot of commentary for this post because...
Three Pictures are Worth Thousands of Dollars.
One Week Chart.
One Month Chart.
Three Month Chart.
Watch the rest of the day to see if volume picks up otherwise we're looking at resistance coming in around 0.75mBTC, former support. It may still take a couple more days to build the energy necessary to take STEEM back up towards 1.0mBTC, but this move is powerful enough to mark the bottom and build from there.