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RE: $STEEM/BTC Technical Analysis #2 " The only way for me to move on is to chart it in the dawn"

in #steem8 years ago

Thanks!:) I think even if it's down as much as $0.84 its doing an incredible job, the support isn't near as big as STEEM's yet's its holding the "about" $1. as mentioned many times earlyer, we are still in the beta, new exchanges are taking on #Steem and $SteemDollar, people are slowly transfering from smaller to bigger exchanges, all of that affects the price. The price might be quite volatile in the near future, but I'm sure steem is gonna find it's rightfull part. You also must understand that the price also highly depends on the users. If we don't spread the word, we won't have any new cashflow into the Steem economy.

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Volatility = Profit ;)
I feel much better about the whole situation now I understand it a bit better , I made a tool today to help with that - https://steemit.com/trading/@ausbitbank/tradingview-pinescript-indicator-for-polo-sbd-pegwatch-new

Hope people find it useful :)