STEEM turning bullish again as Bitcoin rises?

in #steem7 years ago (edited)

I noticed a one cent dip in STEEM from 16 cents to 15 cents. I sold but bought back after the price refused to keep falling. It seems people are cashing out for Bitcoin but the STEEM/BTC ratio is remaining within a relatively tight band. This may suggest STEEM is more bullish than Poloniex charts show. OTC buys are not represented on Polo but the lack of sell volume can be used to infer. Full STEEM ahead

Not financial advice

Sort:  

I hope it goes up. Great post! ☆☆☆☆☆😎

This post has been ranked within the top 80 most undervalued posts in the first half of Feb 09. We estimate that this post is undervalued by $2.61 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Feb 09 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

Coin Marketplace

STEEM 0.19
TRX 0.13
JST 0.030
BTC 63476.83
ETH 3413.43
USDT 1.00
SBD 2.50