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RE: STEEM - I think we can consider the support as broken...
Dear @cryptopassion
I'm not much into trading, so my question may turn out to be silly.
However I would like to understand why do you compare STEEM to usd, instead of comparing to BTC?
Cheers
Piotr
Most of people here are interested about the USD pair and not the BTC pair.
Both are interesting to analyse. However, don't think only BTC pair is making move the STEEM, you can see in my different analysis that the USD pair is always used by many traders and that support lines and resistance line have real effect on the STEEM moves
Thank you for such a prompt reply @cryptopassion
I guess it does make sense. Perhaps I'm looking at it from "strange" point of view by comparing it to BTC.
Yours,
Piotr
It might be based on @cryptopassion's audience.
I might be wrong but I think the general public and novices (of which there are many) pay more attention to the USD price than the BTC price of Steem.
you are right but both are interesting to analyse and it very rare than one pair is bullish while the other is bearish. Most of the time, they are synch
Make sense @chrisrice. Thx buddy :)