Steem Also has entered in Bull Phase
steem·@prameshtyagi·
0.000 HBDSteem Also has entered in Bull Phase
 [Source-Huobi Global](https://www.hbg.com/en-us/exchange/#s=steem_usdt)  [Source Bittrex](https://international.bittrex.com/Market/Index?MarketName=BTC-STEEM) Above two are price charts for Steem. First chart is Steem/USDT and second chart is BTC/Steem. I have displayed 200dsma and 50dsma in both charts. In both cases close price is trading sideways of 50dsma after crossing above in long time. And in March the close also has traded above 200dsma. On BTC/Steem chart 50dsma also remained above 200dsma for few days. Although currently close is below 50dsma and 200dsma but that is more of a bull trap. These side moves are very common before the final bull phase starts. This bull sentiment for steem is further enforced with overall bull signal sentiments reported in previous post [We are now in Bull Market: Death cross will be overcome soon](https://steemit.com/bull/@prameshtyagi/we-are-now-in-bull-market-death-cross-will-be-overcome-soon) All in all the worst is over and it is now safe to remain invested or even to buy. Note - I do this analysis out of my interest. I take no responsibility for any losses.
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