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RE: STEEM Smashes out of wedge consolidation on Smart Media Tokens announce
Do you think that the timing of this announcement was a coincidence? Smart PR strategy is to release good news at the "decision points" of technical analysis patterns.
That way you get a positive lift in price both from the already invested (most of which are probably in based on their belief that it will grow into something big, now reinforced) and the specualtive (trading) crowd.
Yep also sentiment was probably a factor, they may have released this earlier if it weren't for China. They did give us a heads up last Month saying September and it's very late in the month. I'm going to have troll through the white-paper today and see if I can make sense of it.