SUMMARY
A correction bottom is NOT an event but a process. What does this mean exactly? A correction bottom often has a certain price pattern and Elliott Wave sequence. The below chart of Bitcoin (BTC) shows an Inverted H&S potential as well as two rounds of full impulse sequence upwards.
Is STEEM dead? Not at all. It's following Bitcoin which is driven by Sentiment. The below chart has uncanny similarity to the Bitcoin chart. The bottoming process here too shows Inverted H&S pattern and two rounds of impulse Elliott Wave price move.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.