You are viewing a single comment's thread from:

RE: Weekly Analysis: Detailed Technical And Fundamental Analysis Of Steem, Steem Dollar, Bitcoin And USD

in #steem8 years ago

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.

Sort:  

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.