Steem Back Dollars acts as a beacon for Steem as it shines a light for the direction of it's price. One of the best kept secrets in Crypto.!!
#Promo-Steem - Promoting #Steem around the World
#Steem Back Dollars - A precursor for the direction of #Steem
Over the past few years I have monitored the strength of direction and Divergence of the #Steem Back Dollars against the US Dollar and found something extraordinary that I have been talking about ever since.
For those that have just joined, this best kept secret is that if you ever want to track the price of #Steem simply follow the price of #Steem Backed Dollars.
Though pegged to the US Dollars, #Steem Back Dollars acts as a beacon for #Steem as it shines a light for the direction of it's price.
In simple terms, if you want to see where the price of #Steem is heading simply keep an eye out on the Divergence of #Steem Back Dollars against the US Dollar.
The stronger the Divergence of #Steem Back Dollars against the US Dollar, the likelihood of the price of #Steem will follow it's trend a few days later.
It's one of the best kept secrets in Crypto.!!
#Steem Dollars Chart - #SBD
#Steem Dollars Current Price - #SBD
#Steem Dollars = $12.98 +71.82%
#Steem Dollars Chart Summary
#Steem Current Price
#Steem = $0.7655 +14.83%
#Steem Price Chart
#Steem Chart Summary
Conclusion
With the #Steem Back Dollar now showing a strong bullish push to move outside of it's current trading band, I expect to see the price of #Steem follow suit in the coming few days.
Thanks again for reading.
Stephen
#Promo-Steem - Promoting #Steem around the World
Greetings @stephenkendal, this was a very pleasant news that SBD rose overwhelmingly, so much so that I myself changed the SBD to Steem to raise a little more my Steem Power and have Steem available for payments of the contests that I have in two communities.
This is the best way to increase our Steem Power and help our platform.
Greetings friend @stephenkendal
It is extraordinary the envionment that SBD gave in the last hours, as you say, it is a great sign that the Steem will follow that trend. We must keep doing the work or redouble the march to take the Steem to historical values.
Yes, I really believe that Steem will follow crypto trends in the future, Steem's current achievement is extraordinary, even the Steem currency is already known on various coin exchanges, Steem is one of the promising coins.
SBD price today was pretty impressive but unfortunately I had $1 to buy #steem. Expecting this price range will stay for few days. Thanks for sharing sir @stephenkendal
I have to say am amazed how steem and steem dollars are holding up during this crypto crisis,its make me agree we are on the right track...
Both SBD and Steem are taking a dip at the moment. I believe the best course of actions includes HODLing, Purchasing more STEEM/SBD, and Powering Up. If we continue to cash out on our Steem earnings, we are just immortalizing the dip.
It's doing amazingly so well. Thanks for thia sir.
Sure, Steem will follow SBD soon , very sad to see Steem was going down and down yesterday, today is now getting some hope by this post. I also expecting with you the price of #Steem follow suit in the coming few days.
According to price data of 2018, the steem price will follow the SBD price.
Let see if the history repeat it self?
Great news, this has actually strengthened our belief in this platform