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Steem Technical Analysis - Steem is in a free fall by penguinpablo

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· @penguinpablo ·
$13.12
Steem Technical Analysis - Steem is in a free fall
After a high of $1.29 just a few hours ago Steem is going down rapidly right now. Steem lost half of its market capitalisation in 3 hours. Welcome in the world of cryptocurrencies where everything is possible. One Steem is still worth $0.64 so no worries. I hope you sold some Steem at these crazy high levels yesterday. I've used this pullback to buy back the Steem that I sold yesterday.

High on Poloniex: 0.00077800 BTC
Current price: 0.00036989 BTC (-48%)

https://steemitimages.com/DQmPmWzWiUkWf1zJn1AgAVca4yedQ7P2JLUJKA3FrsSAsno/image.png
[Open full screen](https://steemitimages.com/DQmPmWzWiUkWf1zJn1AgAVca4yedQ7P2JLUJKA3FrsSAsno/image.png)

## Support levels
My first support level was at 0.00037700, but that one is already broken. It was the high of 2 days ago and also the start of the breakout yesterday. (orange circles)
My next support levels are 0.00034500 BTC and 0.00032000. (the blue lines)


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<center><sub>Β―\\___(ツ)____/Β― *Don't miss out on my next post! Follow me @penguinpablo*</sub></center>
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 106 others
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vote details (170)
@ardina ·
god inlΓ€g thanks
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@cassidyandfranks ·
My Support levels:

https://steemit.com/thirdsrulestrategy/@cassidyandfranks/thirds-rule-strategy-steem
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@dommaraju · (edited)
If you see today very few coins are in + Positive Side today, and Steem is one of them. XRP & STR are still  going down including ETH.
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@gnege ·
It`s hard to do TA on  STEEM/BTC when BTC Goes Rampange
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@karenmckersie ·
$0.11
I soooo cashed out at the right time !! Im about to put up my full steem ahead post lol ! I sold right when it hit 1.29 !! Haha got lucky ! Poloniex crashed 3 times !! I sold 1000 steem and made 1,455.00 dollars !! It will all be in my blog ! I was waiting for my 700 th folliwer im at 699!! But looks like i will have to post it anyways !πŸ‘πŸ‘πŸ‘
πŸ‘  , , , , ,
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@penguinpablo ·
$0.29
Well done, awesome!
Let me be your 700th follower :-)
πŸ‘  , ,
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@karenmckersie ·
Sorry my internet keeps cutting out !! Thats awesome i will mention you in my post !! Thanks a bunch !! Just need to add it then i will post ! Haha thats if the stupid internet doesnt go off again ! πŸ‘πŸ˜‚πŸ˜‚πŸ‘
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@karenmckersie ·
Its just up ! Heres my link !! Thanks againπŸ‘πŸ‘πŸ‘
https://steemit.com/steem/@karenmckersie/700-followers-woot-steem-is-breaking-poloniex-cashed-out-1000-steem-today-made-usd-1-455-00-canadian-dollars-party-time
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@screenname ·
Re: Steem Technical Analysis - Steem is in a free fall
<p>This post has been ranked within the top 50 most undervalued posts in the first half of May 09. We estimate that this post is undervalued by $9.99 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-may-09---part-i">The Daily Tribune: May 09 - Part I</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
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@uwelang · (edited)
lucky you :-) - what is your advise now - buying steem again? EDIT - Steem seems back up again :-)
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@penguinpablo ·
Steem is very volatile right now. That's nice for daytrading, but for a long time investment I wouldn't buy here.
Buy low, sell high: Buy when everyone else is selling and sell when everyone else is buying.
πŸ‘  
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@uwelang ·
yeah - that is the rule i know but it is so fast up and down again
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@v4vapid ·
![coasted.gif](https://steemitimages.com/DQmVwUnguwStwm2X84HXwEPrvQNaB6MZv9tTtTeEzcemhoi/coasted.gif)
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