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RE: The Steemfest Sell Off? - The Price of Steem Still Doing What it's Been Doing
The only catalyst for entire crypto market will be the 2X fork.
There is no point at analyzing or waiting for anything else at the moment. The bitcoin rally has sucked out all the liquidity from the altcoin markets as most speculators/traders have boarded the bitcoin train to get "free" coins during the fork.
Post-fork, bitcoin should fall and the major altcoins, includung Steem, may start to rally hard.
Yup, I have been buying some of the other alts (NEO, LTC, etc) at a discount leading up into the 2X fork. Trading BTC is useless...its a freight train higher until the fork.