As strong as whether the nearest support area? That is probably a question
This time I'm trying to make an analysis of the price movement of STEEM BTC. I'm watching the two markets, Poloniex and Bittrex. I only use support and resistance areas to analyze it.
(It was the movement in the market STEEM BTC Ploniex (I access using its tools Tradingview because here quite complete here)
(And this movement in the market STEEMBTC Bittrex here)
Here we can see that the price is still minor support area, precisely in the area 0.004-0.0046 means that many buyers are lining up to buy in the area. The total transaction STEEM-BTC is currently around 490 BTC.
But according to my analysis, the price will bounce to the 0.0058-0.0061 area because that's where the nearest target if prices rise. Prices in Bittrex and Poloniex price difference of about 0.00001. Perhaps for weeks that it's price is located in that area.
But I'm sure the price will rise because Steemit have the opportunity to grow larger, and is supported by the big investors.
Next post I will discuss another coin that might be interesting to discuss here.
And big thanks to 
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