Room space getting smaller and smaller, either side gonna give way which one will it be ? Yesterday big order of 97k steem buy vol gone puff ! checked the lowest price wasn't at 0.0001395 so probably the order was removed. As mentioned, it's still doing it's slow bleed, tiny rally follow by slow bleed again. Possible symmetrical triangle squeeze on the steem/btc pair, notice the pattern been repeating, probably about 5-6 of them each time creating lower lows.
Short term moving average (day candle) : crossover lack bullish confirmation
RSI : -
SBD/STEEM : 1.077
Weekly Timeframe : similar pattern as big bro btc, last week candle hammer
24hr change : -0.73%
Marketcap : 246 mil
Volume :201 btc
Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.
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Will it goes down more?
maybe if btc break below the previous support.
@onepercentbetter , when it'll be stable?
i doubt it will =) there will always be volatility and even more in the space of crypto
@onepercentbetter , thanks buddy
Want to ask 1 question if you can answer. Is it good idea to sell SBD and buy seem when SBD price is high and steem price is less ans vice versa. Pls advice if you have any idea about it
Posted using Partiko Android
do the math and you will find out the ans. note the current debt ratio is above 5% and sbd print rate stop