STEEM: a clear Double Bottom Pattern... by toofasteddie

View this thread on: hive.blog | peakd.com | ecency.com

palnet · @toofasteddie · Jul 22 '19

$3.12

STEEM: a clear Double Bottom Pattern...

<center>https://mentormarket.io/wp-content/uploads/2019/07/a-12.png</center> <br/><p>....and it would indicate something good for the price if STEEM wouldn't have so much selling pressure from the wales and from @steemit in particular.</p>
<p>A double Bottom pattern is a Bullish Pattern that usually describes a change in trend and a momentum reversal from prior leading price action. It is normally accompanied for a divergence in some of the technical indicators and this is what we see at RSI indicator on the daily chart:</p>
<p>RSI Indicator:</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/07/b-9-1024x531.png" alt="" class="wp-image-46830" width="1024" height="531" />
<hr class="wp-block-separator" />
<p>MACD Indicator:</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/07/image-221-1024x528.png" alt="" class="wp-image-46831" width="1024" height="528" />
<p>... as I said, if it was any other ALTCOIN I would not have any doubt to claim BULLISH Action on it but we are talking about STEEM which is being really controlled from those that state that STEEM is a decentralized blockchain....</p>
<p>Will see what happens next...in the meantime, I would try to accumulate as much as possible.</p>
<hr class="wp-block-separator" />
<p>@toofasteddie</p>
<p></p>
<p></p>
 <hr />
<center><em>Published by <a href="https://mentormarket.io/profile/?toofasteddie/">toofasteddie</a>
</em></p>
<center><em> on
</em>

<center><a href="https://mentormarket.io"><img class="size-full wp-image-2374 aligncenter" src="https://mentormarket.io/mentor/wp-content/uploads/sites/2/2018/11/150-blue-Overlay-6.png" alt="" width="150" height="40" /></a></center><center><em>with <a href="https://wordpress.org/plugins/steempress/">SteemPress</a></em></center><center><em>https://mentormarket.io/cryptocurrencies/toofasteddie/steem-a-clear-double-bottom-pattern/ </em></center>

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👍 adsup, scripsio, ripperone, minnowsupport, timm, leo.voter, mangos, steem.leo, anotherjoe, trumpman, wherein, toofasteddie, slobberchops, argon, sharpshot, timm-caja, ffcrossculture, primersion, sbi7, desmond41, resiliencia, chesatochi, astral, escapeamericanow, shaunmza, newtechblog, alexs1320, empress-eremmy, maarnio, lion200, khaleelkazi, calatorulmiop, beiker, pcste, okean123, kiokizz, cstrimel, liberlandpress, runningproject, matthewwarn, jk6276, plantstoplanks, v-entertainment, king-cobra, mirrors, harryp3, run.vince.run, bflanagin, byebyehamburgers, kendra19, map10k, lauriki, wolfje, kph, thecryptolink, marenontherun, hammers, cranium, mitrin, erectus, accelerator, ervinneb, paulo380, serlanvet, and 42 others

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@adsup · Jul 22 '19

curated by @adsup a division of @adsactly

👍 toofasteddie, mindtrap-leo

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toofasteddie	0 B		27,906,601,081	17%
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@toofasteddie · Jul 22 '19

$0.04

Hey! Thanks!!!

👍 adsup

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@alexs1320 · Jul 22 '19

You know the things are bad when **double bottom** look like a good sign :D

👍 toofasteddie, ismailkah, mindtrap-leo

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@toofasteddie · Jul 22 '19

And double bullish divergence in both macd and rsi 😂😂

Posted using [Partiko iOS](https://partiko.app/referral/toofasteddie)

👍 mindtrap-leo

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@chesatochi · Jul 23 '19

I believe the price will remain flat for some time because nothing new happens to justify the rise at the moment.

👍 toofasteddie

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@empress-eremmy · Jul 22 '19

$0.02

Yep... The sell pressure is just nuts

👍 toofasteddie, milky-concrete, mindtrap-leo

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@obest · Jul 22 '19

Steem has already reach the bottom and the resistance level is strong for now, this is surely the right time to buy more steem and position ourselves for the future @toofasteddie

👍 mindtrap-leo

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@toofasteddie · Jul 22 '19

Possibly, did you buy steem recently?

👍 mindtrap-leo

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@trumpman · Jul 22 '19

$0.07

So wait. If I get this right. It will either go up, or down?

👍 ifartrainbows, stempede, toofasteddie

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@toofasteddie · Jul 22 '19

$0.02

It should be go upwards if it would be Litecoin for instance 😂😂😂

Posted using [Partiko iOS](https://partiko.app/referral/toofasteddie)

👍 trumpman, mindtrap-leo

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@trumpman · Jul 22 '19

$0.07

Btw what's that timm thing in your sig? Does it give free upvotes? :P

👍 ifartrainbows, stempede, toofasteddie

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1 reply