Steem finding bids against Bitcoin
Not only did Steem hold it's value against Bitcoin like we were hoping for last week (see steemit.com/bulleth), it also put in a half-decent rally on Saturday and is back inside the falling channel. Struggling with resistance in the 60-67 zone now, a break higher would target 75. Technically, we have the makings of a head and shoulders reversal pattern here (neckline in the mid 30s - dotted), but at this stage in the coin's life, I am tempted to ignore it. Valid sell signal doesn't occur til a neckline breach anyway.
Penafian
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