STEEM-BITCOIN forecast

Hello guys,

we want to share with you an original prediction on STEEM & BITCOIN.

The first chart represents the bitcoin price (in USD) and the difficulty. The time frame is daily.

Under the chart you can see 2 different line:

1-Red line: it's a correlation (medium term: 90 days) between difficulty anb prices.

2-Black line: it's a correlation (long term: 365 days) between difficulty and prices.

So... From this point of view, the price is in a distribution phase... For the next future, the chance to see a new high is minimal...

The following chart confirms the correlation analysis:

The trend forecast is bearish until october. Obviously it could be necessary to update this chart... It's only a prediction... nothing more...

And now look at STEEM.

On this chart is represents the spread STEEM/BTC (time frame hourly).

The spread is in a bearish channel and the price sould collapse to 0.004 (the lower band). The bullish signal is only if moving averages cross each other and the ribbon will invert.

Have a good day & trading!

We'll update tomorrow...

P.S. Give us your feedback ;)