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RE: Poloniex: STEEM/BTC - On The Way Down!
Actually fiat is less volatile than cryptos and it's not a bad idea. However, I'm simply trading Etherium and Steem vs. Bitcoin. Bitcoin will undoubtedly loose value too, but slower than other cryptos, which creates an opportunity to trade on the way down.
Fair enough, share your targets/thoughts/charts in blogs 😁
You can see the ghost bar trail and support and resistance lines in the image in this and my previous post.
How does the ghost indicator (purple?) get calculated?
It's not calculated, I simply copy paste a previous time frame, which is similar. It's not the hardcoded future, just a possibility, based on historic performance.
ahh, like the with Ichimoku, the trailing line.. . moved forward for clarity? like it!
Just copied from a previous time frame, showing what likely might happen - so far it's making the same moves, but at a higher price point. Thanks for the comment!