Watch For Steem 50-Day and 100-Day Moving Averages to Cross Paths

This is potentially good news for Steem.

Steem is currently on day 54 of it's flat-line against Bitcoin, and the moving averages are starting to show signs of reversal in the next week or two. Does that mean Steem is going to the moon? your guess is as good as mine.

Right now, the popular opinion is that Bitcoin is going down hard soon. I don't support this opinion, and that is simply because the value of the US dollar is poised to plummet as the Federal Reserve keeps the US economy from completely tanking and freezing - an event that would leave hundreds of millions of people at risk of... well I don't want to talk details.

But this is about Steem, and Steem (if my thesis on Bitcoin being in a beartrap is correct) appears to be setting up for something big, as I've outlined in the past. this depends on Bitcoin unfortunately, but only to a certain point.

Thank you for reading. stay safe and keep your head up.