Cryptocurrency Markets

It’s Thursday night in Sydney and I have been kept busy with trading and some blockchain related side projects that I don’t really want to go into, but today’s Steemit blog is going to suffer as a result.

But markets and trading is just a never ending narrative and right now, as always, the narrative simply rolls on. We’ve been waiting for STEEM to bounce for a chance to get long and low and behold, the higher time frame level we were watching has been obeyed:

While im doing updates, STEEM has also just pulled back into a really interesting daily zone which is getting me a little excited.

STEEM/USD Daily

Well if you open up your charts and take a look at the STEEM daily, then you’ll see that the level has been obeyed and now it’s time to look for that retest of short term previous resistance as support for an entry:

Well, we’re only up the the daily zone, but already on the hourly, you can see that we’re forming this nice short term support base that we can look for an entry off of, if it does in fact bounce here:

STEEM/USD Hourly

Just like clockwork:

STEEM Hourly Updated

Just look at the way that price flirted with the zone once and has now come back to it again.

Is this one of those 2nd and 3rd chances to enter before something big happens to cause price to rip faces off the shortest?

Remember this?:

Wouldn’t it just be perfect if Ned dropped a news release bombshell on the market? I do talk a lot about markets setting up from a technical point of view, just before big fundamentals change the game.

This one feels like this... it’s coming.

Come on Neddy-boy. Make us some money!

✌🏻.

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