The Steem/Btc is trading at new month lows for the pair . the next support levels is quite lower with increasing uncertainties. If you look at the the fundamental picture got muddy today with downtrend and low expectations.
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Selling is obviously strong enough to repel any possibly buy hope at the risk of a breakdown increases.
We see strong downtrend and heavy sell pressure builds , the Support breakdown change the landscape so dip and You get the feeling that buying is dangerous for trading, if the sell continues with the pair in a heavy downtrend range.
Steem/Btc continues the shorting today and intraday Downtrend bias remains on the Downside , Downtrend will extend strong below support but still further decline is expected with some minor uptrend waves .
There was some brief move higher but that move was fairly quickly rejected. . The sellers have the upper edge. We will see if the sell power to push further down .
sexy Technical Outlook