🐒 The amount of Bitcoin bid to buy Steem at Bittrex and Poloniex this morning when I took this reading at 7:00 AM EST and the combined figure was 200 Bitcoins and the Steem Price $5.84. The highest combined figure before was 932 Bitcoins bid to buy Steem and Steem Price $2.60
🐒 It appears that Bitcoin Bid to buy Steem is back BELOW the resistance area at 259 I feel that the Bitcoin bid to buy Steem needs to stay above this resistance in order to extend this Steem Price rally .
Below chart since December 6 , 2016
🐒
DISCLAIMER : This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
🐒 SUMMARY
I feel that the BTC bid to buy Steem increasing shows an interest in pushing the Steem price higher
🐒
Please voice your opinions in the comments below.