another crypto market crash in progress

The whole cryptocurrency market is losing ground again this week.

  • STEEM is down nearly 75% from recent high and hasn't been cheaper since mid December
  • the overall crypto market cap is down too, nearing the lows from early February
  • Bitcoin has tested (or almost tested) long term support several times during this bull run, and is doing so again right now:

bitcoin weekly 2018 03 08.jpg


Breaking down below that could mean another drop to 7000 before any recovery.

Overall the long term looks very promising for cryptocurrencies (that actually work), like STEEM!

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