Analysis on STEEM/BTC and price objectives

Can you see the clear inverse correlation between SSTEEMBTC STEEMBTC and BTC Dominance?

** Not at all calling this a STEEM/BTC bottom, but the chart itself is fascinating. Some main points:

1) Sitting on support @ 2 year ATL - bust these lows and we need to redraw our fibs for profit targets.
2) Confirmed bullish momentum/volume divergence not shown on this chart, but present within OBV and MACD.
3) BTC Dominance not looking toppy which makes our bull case for STEEM/BTC unlikely at this point in time.
4) 50% retracements make for conservative and reliable price targets. Thank you Mr. Gann.
5) Majority of alts looks similar. Ran TA on STEEM because of the interesting low we're testing atm.

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