Hello Steemers!
I update the charts today and steem/btc is in the same side swing channel as i predict in my preview post
The Last price action and Side Swing Trend Patterns have probability of continuing sideways and you are looking at BreakUps & breakdowns through the swing movement .
the low volume moves the swing price inside the channels is something that you may already see it - .
This side trend channel provides support - resistance and some small price action zones.
The side trend is fortified by Tree levels of resistance . {If you can see these (a) (b) (c)} ,
creating the foundation for a Trade system , if the price break of the channels , Depending on price action you can apply this technical analysis of support-resistance . if the price moves extremely significant out of the trend channels and a breakUp or a BreakDown is imminent. ..
I expect the price to go in same direction , The support level is here and hard price movement with out volume is impossible
We can see in the chart that the price move over the small down channel
trading price move lower. because of the selling pressure and low volume ..
also read : Tip for invitation on Facebook . join Steemit private message to public figures & authors to join Steemit , invite your "Like" List of Facebook , individuals users & Groups that "You Follow" to join Steemit
https://steemit.com/steemit/@johnsarris/tip-for-invitation-on-facebook-join-steemit-private-message-to-public-figures-and-authors-to-join-steemit-invite-your-like-list
