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RE: Weekly Analysis: Detailed Technical And Fundamental Analysis Of Steem, Steem Dollar, Bitcoin And USD
The TA on SBD is baseless. SBD is dependent on a relationship between BTC and STEEM price, and adjusted for spread between exchanges. Its implied discount is derived from author selling pressure, and interest rate. TA probably has about < 1% overall impact on its price.
Hi @furion , Its true. As I said before. due to lack of history, current look of sbd chart looks like a horizontal channel and green trendline doesn't really mean much. It just an indication that price might drop till green line before moving upwards.
Thanks for your comment. I appreciate it. Just my thoughts that as long as there is even less than 1% impact, we can't really call it baseless because we never know when this 1% start to put high impact :) Once again, thanks for taking your time to read it. I agree with all other things you said.