I have been observing STEEM/BTC for a few days, the candles shows interesting findings. First of all, sorry for the messy chart. Horizontal cyan lines are actually support/resistance levels which I draw one by one in 1hr and 4hr timeframe. I find it comfortable to know where the candles might halt or retrace in the future down to whichever price levels I must...
Today, I put a long position on QSP/BTC just when alt dropped a bit at around 4 pm (GMT +7). Things to be considered are the significant price spike a couple days earlier which drove the price to the tip of the red triangle. Candles move back and forth in the projected triangle. Using Twiggs money flow indicator, I managed to draw upward trend indicating potential...