STEEM is once again at a very critical level. It can go straight up from now on. OR it can make two new lows, pushing STEEM to a panic low, before it rockets to the moon.

This will probably depend on the current correction of BTC. If BTC goes much lower, STEEM will probably complete the C wave with a new panic low. The good thing is that we will know for sure once there is a new low, there will be one more...

Have a look at the big picture again. Will STEEM end with a failing 5 in wave C or will the C wave be completed pushing it to new lows. Both are probable and plausible. Both are super bullish once completed...

If you think this to be useful information:

DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Tell me what you think...

Have a nice day :-)