General consensus on STEEM is that it is a turd of a coin-- a sentiment I share. However, the market rules-- supply and demand trump any perceptions.
STEEM is completing a solid cup & handle pattern. This presents a nice opportunity with a risk/reward ration of 1:18.
Bitcoin's increasing value may extend this handle out for quite some time so I don't expect an immediate breakout.
STEEM is completing a solid cup & handle pattern. This presents a nice opportunity with a risk/reward ration of 1:18.
Bitcoin's increasing value may extend this handle out for quite some time so I don't expect an immediate breakout.
Comment:
STEEM looks like it will break out by day's end. When it does, I'll set my stop at .0025.
Comment:
I bought at the breakout and set my stop at .00025, but the Italian referendum is driving BTC up pretty fast so it may get triggered.
Trade closed: target reached:
Took my profits at 0.00042500. Roughly 75% gain. WIN.