Steem market watch 12 & 13 march

Good morning everyone .

I was about to write something about market watch yesterday but i was disturb in the middle of writing to spend my day with my mother and brother . But it doesnt matter , i ll just write about last night market and today market because there no huge movement in the market today .

So , the market price between STEEM/USDT is at 51 cent , which was looking good after drop until 21 cenr in previous lower. For those who has buying steem at that price , congratulation . You haa double your investment.

TF : D1

This is daily market .

As i have mention in my last market watch , the market will meet new resistance before it can go up , seem the whale 🐳 selling their steem and force the price to go 46 cent yesterday .

Luckily , market has close higher than previous resistance last week as shown in graph above with big candle .

Tips : Big candle has two meaning ,
a . The candle has a grear momentum to continue the market hike , always happen after news / rumor

b. The trend finish blow before decide the next market movement .

In this case , we can see its take no b defination .

Lets see into detail what happen by looking at smaller timeframe in yesterday chart .

TF : H4

In 4 hour time frame , we can see the momentum of selling is less than buying by looking at the market volume , in my opinion , its happen because sell pending order by the whale . And we can see another buy at previous resistance (buy order at 46 cent )

TF : 1H

Yesterday the market closw with a doji or also telling us the undecision market . Its continue by today market (this morning ) where the marker still dont decide where it want to go. It may continue sideway market a range price (look at the market) , before it making its real trends.

We might see some movement at london and us open . But , let just wait the signal for it continution bullish or selling whale that force the market trend.

Disclaimer : Trade on your own risk , this is my personal view about the market

STEEM ON.

@tommyl33 is waiting

H2
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H4
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