Steem Bullish Chart, Leads To Bullish Cycle In A Bull-MarketWe are looking at a new All-Time Low. The lowest price in more than 8 years.
We are looking at five years of consolidation.
We are looking at low risk, vs a high potential for reward.
Good night my dear reader, it is night here in the Caribbean...
Even a medium-sized wave can produce more than 500% growth for this pair. A small wave would end at 344%. And a big wave can produce 1,000% or more.
In 2021 this pair, STEEMBTC, produced a 500% bullish wave. But this wasn't a real bullish wave but a small bounce, an inverted correction. The way the chart is set up now it can produce an actual uptrend, it has been bearish since 2017.
Something I mentioned frequently last month came back to mind again. When everything hits the fan, when the world goes south and panic sets in, people will be looking for stability or at least the impression of stability, and in the Cryptocurrency market this can be translated into old projects, pairs that have been around for a long-time. This is one of those. This is just a thought.
The chart is bullish and support higher prices in the coming bull-market.
Prepare for growth.
Thanks a lot for your continued support.
Namaste.
