I'm always uncertain if these sideways moves at the top of mountains are best looked at as consolidation or distribution, I guess there's no way to know until the price breaks one way or the other...
with STEEM I'm wondering how different the chart would look if poloniex wallets were actually working... I think it's probably helping to hold the price up as people fearing a drop are unable to get their coins onto the exchange and dump them... personally I hope they don't get the wallets fixed until the BTC market goes full bull again, what with the the STEEM price movements seeming to follow the BTC price so closely.. although it would be nice to move my STEEM across here so I could power up and vote with more than $0.01...
Well, if people wanted to sell any steem they have on Polo, they could easily convert it to BTC and sell that BTC...
you can convert to btc here on steemit? new here, haven't looked into the wallet much...don't have enough steem here so haven't needed to yet...