STEEM update 20.01.18
STEEM looks like it is done with the correction. We have established a strong tripple bottom @ 29500 satoshi.
If this count is correct, wave 5 is on the move. And you know already that wave 5 likes to extend in cryptos.
A big push could be imminent. Not only in STEEM but in many other cryptos too. If BTC surpasses the invalidation line, there will be no hope left for the bears and the overall marketcap should double easily.
Great times ahead again. Buy when everyone is fearful was the best advice again! I invested all my funds that I had accumulated for this occasion 9 hours ago, when I was back home.
Let the altcoin party begin.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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